1. It has increased the flow of goods and services; for instance knowing the need of given nation to ease the export and import of goods freely.
2. Increase mobility of people internationally either through job opportunities, tourism and education.
3. Increased mobility of capital i.e. the use western union money order has enhanced receiving and sending of money worldwide with ease.
4. Rapid change and transformation that is revolutionary i.e. using social media has transformed the way of life from ancient ones.
5. Growing influence of information and communication technologies i.e. the use of decoders that tries to link nations worldwide i.e. the use of Digital Satellite Television. For example one can easily access the any useful information from anywhere in the globe.
6. It has generated new wealth like special doctors from advanced Nations who go seek well-paying jobs in other developed countries. This is in the case of brain drain.
7. Globalization is a byproduct of advances in science. Is through globalization science has been brought up. Through discoveries copied from other nations, a country can use it to develop its activities which it couldn’t have known before globalizing.
8. Growing force of liberalization where trade tariffs, licensing and trade restrictions have been removed so as to enhance free trade.
Dullayo answered the question on May 21, 2018 at 11:35
- Explain briefly any four applications of the concept elasticity(Solved)
Explain briefly any four applications of the concept elasticity.
Date posted: May 21, 2018. Answers (1)
- Explain briefly the properties of indifference curves(Solved)
Explain briefly the properties of indifference curves
Date posted: May 21, 2018. Answers (1)
- Examine the factors that influence tax revenue in your country.(Solved)
Examine the factors that influence tax revenue in your country.
Date posted: May 19, 2018. Answers (1)
- Explain three benefits of an economic growth in any nation(Solved)
Explain three benefits of an economic growth in any nation.
Date posted: May 16, 2018. Answers (1)
- Discuss FIVE factors that hinder economic development in less developed countries(Solved)
Discuss FIVE factors that hinder economic development in less developed countries.
Date posted: May 16, 2018. Answers (1)
- Explain three types of public enterprises(Solved)
Explain three types of public enterprises.
Date posted: May 16, 2018. Answers (1)
- State the objectives of State Owned Corporations/Enterprises(Solved)
State the objectives of State Owned Corporations/Enterprises.
Date posted: May 16, 2018. Answers (1)
- Discuss FIVE elements of Public Health Care in Kenya(Solved)
Discuss FIVE elements of Public Health Care in Kenya.
Date posted: May 16, 2018. Answers (1)
- Define the term “library catalogue” and explain its importance(Solved)
Define the term “library catalogue” and explain its importance.
Date posted: May 15, 2018. Answers (1)
- Assess the policy options for inequality in income distribution(Solved)
Assess the policy options for inequality in income distribution.
Date posted: May 15, 2018. Answers (1)
- Explain the reasons for the failure of State Owned Enterprises (SOEs).(Solved)
Explain the reasons for the failure of State Owned Enterprises (SOEs).
Date posted: May 15, 2018. Answers (1)
- Explain the critics of Keynesian economics(Solved)
Explain the critics of Keynesian economics.
Date posted: May 15, 2018. Answers (1)
- Discuss the essential ideas of Marginalist school of thought(Solved)
Discuss the essential ideas of Marginalist school of thought.
Date posted: May 15, 2018. Answers (1)
- Define the term price discrimination as used in economics and give the necessary conditions which must be fulfilled for the implementation of price discrimination(Solved)
Define the term price discrimination as used in economics and give the necessary conditions which must be fulfilled for the implementation of price discrimination.
Date posted: May 15, 2018. Answers (1)
- Outline 2 reasons why consumers may decide to save rather than spend their income.(Solved)
Outline 2 reasons why consumers may decide to save rather than spend their income.
Date posted: May 14, 2018. Answers (1)
- Explain any one model for analyzing farmer's behaviour under uncertainty(Solved)
Explain any one model for analyzing farmer's behaviour under uncertainty.
Date posted: May 13, 2018. Answers (1)
- Discuss the typical farm management decisions a farm operator makes(Solved)
Discuss the typical farm management decisions a farm operator makes.
Date posted: May 13, 2018. Answers (1)
- “Commercial banks are not only dealers of money but manufacturers of money and credit also.” Explain the statement.(Solved)
“Commercial banks are not only dealers of money but manufacturers of money and credit also.” Explain the statement.
Date posted: May 12, 2018. Answers (1)
- Distinguish between revenue expenditure and capital expenditure of a government budget.
Give two examples of each.(Solved)
Distinguish between revenue expenditure and capital expenditure of a government budget.
Give two examples of each.
Date posted: May 12, 2018. Answers (1)
- Explain the concept of deflationary gap. Also explain the role of “margin requirements” in reducing it(Solved)
Explain the concept of deflationary gap. Also explain the role of “margin requirements” in reducing it
Date posted: May 12, 2018. Answers (1)