The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

Related Mcqs:

A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

A. Plant B. Firm C. Factory D. None...

A supply curve shifts because of change in_____________________?

A. The price of the related products B. Technology C. Both a and b D. None of these...

“structural transformation of primary subsistence economy for economic development” war proposed by ?

A. Arthur Lewis B. Keyne’s C. Carl Marx D. Rostow...

Increase in the price level at a rate greater than expected ?

A. Dearness B. Deflation C. Stagflation D. Unanticipated...

An agreement among sellers of a commodity to set a common price or share their commodity market?

A. Oligopoly B. Monopoly C. collusion D. All...