Unit 47
47: Merits and Demerits of Specialization at Individual, Regional and National Level
Specialization Specialization refers to concentration of productive resources on a particular commodity. There are five levels of specialization. Specialization by Industry Industries spe…
Unit 48
48: Conflicts of Interest in Conservation and Exploitation of Resources
Conservation and Exploitation of Resources An increase in the production of consumer goods today reduces the availability of resources for the future. Although economic growth is advantageous…
Unit 49
49: Conflicts of Interest in Free Trade and Protectionism
International Specialization It refers to concentration of a country’s resources on a particular product or few products. Countries specialize on the basis of absolute advantage or comparat…
Unit 50
50: Conflicts of Interest in Public and Private Expenditure
Public Goods and Merit Goods A public good is an item which cannot be withheld from one consumer without withholding the good from all customers. Non payers cannot be excluded. These goods a…
Leading Bookshops
Bookshop Location Contact Risala Bookshop M, Saljamge, Fareedhee Magu, K. Male' (960) 333-1883 Asrafee Bookshop Ma, Samna, Chaandhanee Magu, K. Male…
Political Economy
The Economy of Maldives
Geography Area: 298 sq. km. (115 sq. mi.), over 1,100 islands; twice the size of Washington, DC. Cities: Capital--Male (pop. 100,000). Terrain: Flat atoll islands. Climate: Hot and humid. People Nati…
Political Economy
The Economy of Maldives
Geography Area: 298 sq. km. (115 sq. mi.), over 1,100 islands; twice the size of Washington, DC. Cities: Capital--Male (pop. 100,000). Terrain: Flat atoll islands. Climate: Hot and humid. …
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