Get premium membership and access questions with answers, video lessons as well as revision papers.
a) Liberalization is the opening up of domestic market to foreign competition through removal of trade regulations and protection
Merits
- Low prices
- Variety of goods and services
- High quality goods-Increased employment opportunities
- Increase in investment in the economy
- Acquisition of advanced technology
Demerits
- Importation of harmful goods
- Collapse of local industries due to unhealthy competition
- Increase in unemployment levels due to collapse of local industries
- Over-reliance on foreign countries
- Reduction in government revenue
- Balance of payment problem
Kalis answered the question on March 23, 2018 at 08:13
- Explain the meaning of Certificate of indemnity/bill of lading and give its functions(Solved)
Meaning of Certificate of indemnity/bill of lading and its functions.
Date posted: March 23, 2018. Answers (1)
- List the features of a company(Solved)
List the features of a company
Date posted: March 23, 2018. Answers (1)
- (a) Define economic integration (b) Discuss the levels of integration(Solved)
(a) Define economic integration (b) Discuss the levels of integration
Date posted: March 23, 2018. Answers (1)
- Explain the importance of audit to a limited liability company(Solved)
Explain the importance of audit to a limited liability company
Date posted: March 22, 2018. Answers (1)
- What is an audit? ...(Solved)
What is an audit?
Date posted: March 22, 2018. Answers (1)
- Kenya's economy largely depends on agricultural produce.Due to the current global climate change which has affected the agricultural sector, outline and explain the steps which...(Solved)
Kenya's economy largely depends on agricultural produce.Due to the current global climate change which has affected the agricultural sector, outline and explain the steps which Kenyan government should take in order foster the growth of the sector.
Date posted: March 21, 2018. Answers (1)
- State reasons why it is undesirable for kenya to over-rely on imported goods and services (Solved)
Reasons why it undesirable to over-rely on imported goods and services
Date posted: March 21, 2018. Answers (1)
- List eight ways of motivating your employees(Solved)
List eight ways of motivating your employees.
Date posted: March 21, 2018. Answers (1)
- Factor to consider when choosing a method of financing a business
(Solved)
Factors put in consideration when choosing methods of financing a business
Date posted: March 21, 2018. Answers (1)
- What is Profit?(Solved)
Profit and loss
Date posted: March 20, 2018. Answers (1)
- Define the term Demand Forecasting(Solved)
Define the term Demand Forecasting.
Date posted: March 20, 2018. Answers (1)
- What are the characteristics of the service industry?(Solved)
What are the characteristics of the service industry?
Date posted: March 20, 2018. Answers (1)
- What are the current emerging issues in the business environment?(Solved)
What are the current emerging issues in the business environment?
Date posted: March 18, 2018. Answers (1)
- Outline FOUR resources of production with their corresponding rewards (Solved)
Outline FOUR resources of production with their corresponding rewards
Date posted: March 18, 2018. Answers (1)
- Explain the factors that an entrepreneur may consider when evaluating a business opportunity(Solved)
Explain the environmental factors that an entrepreneur may consider when evaluating a business opportunity
Date posted: March 18, 2018. Answers (1)
- How can we improve domestic tourism and what will be the benefit?(Solved)
How can we improve domestic tourism and what will be the benefit?
Date posted: March 17, 2018. Answers (1)
- White eagles hotel is a five star hotel located about five kilometers from Kakamega CBD. List four reasons why such hotel is located some distance from the CBD(Solved)
White eagles hotel is a five star hotel located about five kilometers from Kakamega CBD. List four reasons why such hotel is located some distance from the CBD.
Date posted: March 16, 2018. Answers (1)
- Explain the reason that make it necessary for the government to regulate the location of ...(Solved)
Explain the reason that make it necessary for the government to regulate the location of industries in the country.
Date posted: March 13, 2018. Answers (1)
- Give ways of managing cultural factors inhibiting development of entrepreneurial culture in Kenya(Solved)
Give ways of managing cultural factors inhibiting development of entrepreneurial culture in Kenya.
Date posted: March 12, 2018. Answers (1)
- Outline the steps to take when a customer complains of poor service, wrong ingredients or food borne disease incidences at your business establishment (Solved)
Outline the steps to take when a customer complains of poor service, wrong ingredients or food borne disease incidences at your business establishment.
Date posted: March 11, 2018. Answers (1)