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.Management Sciences
Category: Characteristics and Institutions of Developing Countries
The following statements are true about informal sector except ?
A. Uses no mechanical power
B. May be enterprises with less than 10 workers
C. Production is capital intensive
D. Uses family workers
Clientelism ?
I- is also known as patrimonialism
II- is the dominant pattern in many LDCs
III- is a personalized relationship between patrons and clients
IV- commands equals wealth, status or influence, based on unconditional loyalties and involving mutual benefits
A. I and II only
B. II and III only
C. I, II and III only
D. IV only
Economic rent ?
A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits
Peasants are ?
A. rural politicians
B. rural cultivators
C. rural industrialist
D. rural, religious group
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