How can those developing countries promote their development?? The poverty has so long and gravely sparked concern to the world because many people are experiencing hardship, […]
After the Great Depression in the 1930s, countries adopted the import substitution strategy. The aim was to produce the products locally rather than having to import […]
An economic system depicts how production, distribution and consumption of goods and services is managed in an economy. The factors of production (Land, Labour, Capital and Entrepreneurship) […]