3. For 5 of these terms, define them in one or two sentences. Next write one
paragraph discussing the nuances among these terms -- how what they are
nerve-racking to transfix differs.
1. Developing countries - “is a term generally utilize to describe a nation with a low direct of material well being.” (“Developing country”)
2. Labour markets – “ hold out through the interaction of workers and employers.” (Labour economics)
3. Capital market – “is a market for securities (debt or equity), where business enterprises (companies) and governments can raise long funds.” (Capital market.)
4. Self-employed – people who work for themselves rather than for soulfulness else or some company.
5. Low productivity – low localize of goods are being produced.
Informal sector is usually characterized by production and distribution of basic goods and services. It is widely used in developing countries due to the following reasons: i.
high level of unemployment on the labour market which forces people to start their own business. ii. delinquent to a small size of business, long term with child(p) to start business is low and could be easily obtained on the capital market iii. Since a low level of technology and skills are involved, low level of productivity is required.
4. For three of the basketball team terms, find an example in an article how this term is through empirical observation implemented; for example, what variable is used in the article to capture the knowledgeable sector. Cite the articles.
1. Capital Market: “When the amount of capital available in the economy increases, some will go into the formal and some into the informal sector.” (A model of the informal sector in development.)
2. Labour Market:...If you want to push a full essay, order it on our website: Orderessay
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