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Essay

The Misconceptions of "Development Economics"

Essay specific features

 

Issue:

Business

 

Written by:

Mario S

 

Date added:

January 16, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 499

 

Was viewed:

8729 times

 

Rating of current essay:

 
Essay content:

This is very unlikely to happen in today's economy, because of externalities in production and the inability to predict the future. The main argument for dirigisme is based on a central authority directly controlling quantities of goods demanded and supplied. This authority must be benevolent, all-knowing and all-powerful in order to improve the market...
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This authority must be benevolent, all-knowing and all-powerful in order to improve the market. This form of government also has its faults. There is no proof that the government will be more successful in foretelling the future than individuals. Outcomes based on one forecast could be much worse than a large number of participants in a market economy, because it is like putting all your eggs in one basket...
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General issues of this essay:
Accounting Assets Capital Assets Development Of Channel Relations For Distribution Of Mutual Fund Development Of Indian Economics Entity Selection: Creating a Web Development Firm Misappropriation of Assets The Importance of Intangible Assets The Misconceptions of "Development Economics" The relationships between Michael Porter’s theory of competitiveness and economic development of nations, regions, and cities and the Economics of Innovation Non Performing Assets Separation of assets in Florida misconceptions Air Bags - Assets Or Assault Challenge Of Authority When Invited Or Forced To Interact With Another Presuming Authority Population distribution and sustainable development
 

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