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Regional imbalance is the uneven distribution of economic resources between different
regions of a particular country..
The policy recommendations to reduce regional development imbalance would include:
1. Industrial decentralization.
2. Human resource mobility and development – regional human resource development initiatives and
participatory change in terms of cultural aspects like cattle rustling etc.
3. Infrastructure – the aspect of accessibility that is to allow for efficient utilization of potential
resources eg in the agricultural rural sector.
4. Comprehensive development plans and strategies.
5. Security, law and order eg. The influx of refugees in areas sucha s the North eastern Province (NEP).
6. Non-governmental initiatives and support systems eg. Micro-financing of the community
development projects.
7. Factor rewards? differentials eg. Difference in wage compensation between different
regions – allowances for those working in designated hardships areas etc.
Wilfykil answered the question on February 6, 2019 at 08:15
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Own – price elasticity = -0.05
Refreshment price elasticity = -0.12
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Date posted: February 4, 2019. Answers (1)
- The managing director of My Kori-Lima Movie Theater Ltd has hired you as a consultant to
advise on the ticket – pricing strategy. As a basis...(Solved)
The managing director of My Kori-Lima Movie Theater Ltd has hired you as a consultant to
advise on the ticket – pricing strategy. As a basis for your recommendations you consider historical
ticket sales data which seems to suggest the following ticket – sales elasticities:
Own – price elasticity = -0.05
Refreshment price elasticity = -0.12
Nairobi Population elasticity = +0.65
Advertising elasticity = +0.70
The managing director is contemplating a moderate increase in ticket prices in order to increase revenue.
Explain whether this is a good idea
Date posted: February 4, 2019. Answers (1)