Get premium membership and access questions with answers, video lessons as well as revision papers.
The objective is to increase output. The ideology is capitalism where the economy is driven by the private sector without interference from the government. Property is privately owned. Economies that use this strategy are generally characterized by the following:
Inequality in income distribution
A widening gap between the poor and the rich
High rate of growth in Gross Domestic Product
Large firms owned by a few people
Dana05 answered the question on July 15, 2019 at 14:44
- Describe the low external dependence strategy of economic development (Solved)
Describe the low external dependence strategy of economic development
Date posted: July 15, 2019. Answers (1)
- Describe the moderate external capital inflow strategy of economic development (Solved)
Describe the moderate external capital inflow strategy of economic development
Date posted: July 15, 2019. Answers (1)
- Describe the high primary exports strategy of economic development (Solved)
Describe the high primary exports strategy of economic development
Date posted: July 15, 2019. Answers (1)
- Discuss the high capital inflow strategy of economic development (Solved)
Discuss the high capital inflow strategy of economic development
Date posted: July 3, 2019. Answers (1)
- Identify the two categories of strategies in economic development (Solved)
Identify the two categories of strategies in economic development
Date posted: July 3, 2019. Answers (1)
- What is a strategy?(Solved)
What is a strategy?
Date posted: July 3, 2019. Answers (1)
- Identify the tools of the Keynesian theory of economic growth(Solved)
Identify the tools of the Keynesian theory of economic growth
Date posted: July 3, 2019. Answers (1)
- State the assumptions of the Keynesian theory of economic growth(Solved)
State the assumptions of the Keynesian theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss the Keynesian theory of economic growth (Solved)
Discuss the Keynesian theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss Sen’s capability welfare theory of economic development (Solved)
Discuss Sen’s capability welfare theory of economic development
Date posted: July 3, 2019. Answers (1)
- State and discuss the limitations of Rostow’s five stages of economic development (Solved)
State and discuss the limitations of Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the fourth stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the fourth stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the third stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the third stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the second stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the second stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the first stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the first stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- What are the promises of a socialist?(Solved)
What are the promises of a socialist?
Date posted: July 3, 2019. Answers (1)
- Describe socialism as a theory of economic growth (Solved)
Describe socialism as a theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Describe capitalism as a theory of economic growth (Solved)
Describe capitalism as a theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Highlight the Marxists criticisms of capitalism (Solved)
Highlight the Marxists criticisms of capitalism
Date posted: July 3, 2019. Answers (1)