Economic Development in Historical Perspective
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- Economic Development in Historical Perspectiveeconomics-mcqs › economic-development-in-historical-perspective
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
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Explanation
The Soviet growth model relied heavily on channeling resources from agriculture to industry, government backing of enterprises, and state monopoly over trade. However, it did not depend on market forces to allocate resources.
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Practice related questions from the same subject.
- 1.According to the 2010 population data, which four countries rank among the top five most populous nations?
- 2.What does the acronym ASEAN stand for?
- 3.Which pair of nations continues to follow the Soviet-style communist development framework?
- 4.Since the 1960s, which pair of countries has consistently achieved an annual real per capita growth rate exceeding 7%?
- 5.What is the primary reason that modern economic growth has predominantly occurred in Western nations?
- 6.Over 70% of the world's fastest-growing populations are found in which country?
- 7.What is the term for South Korea's large family-controlled business groups similar to Japan's keiretsu?
- 8.What does the term 'Keiretsu' signify?
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