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This field of economics focuses on the growth of developing countries. It studies the dynamics of low and middle income countries.
Its main focus of study is economic growth, poverty alleviation, and human development.
It examines the opportunities and problems that developing nations face. students learn about sustainable development policies. They need to learn to tackle problems like poverty, inequality, and environmental sustainability.
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It explains what should be, as opposed to what is. It studies factors like justice, equity, and the welfare of society.
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It studies individual factors like customers, businesses, and markets. it studies how their interactions affect the prices and distribution of resources.
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Poverty Alleviation: It comes up with programs to remove the income gap. It includes programmes and investments in infrastructure for healthcare and education. It decreases the degree of income gap.
Sustainable Development Goals (SDGs): The United Nations created the Sustainable Development Goals (SDGs). It is a collection of 17 global objectives to be addressed by 2030 in order. It solves some of the most important issues confronting humanity. It deals with poverty, inequality, and climate change.
Foreign Aid: This refers to aid granted to developed nations to developing nations. They help with financial resources and technical support. They encourage economic development and the reduction of poverty.
Trade and Economic Development: This field of study looks at how trade between countries happens. It promotes economic growth and promotes development. It covers issues like trade agreements, liberalisation, and the effects of globalisation on developing nations.
Infrastructure Development: It aims to raise living standards, and increase access to basic services in developing nations. It promotes infrastructure development. It focuses on transportation, electricity, water supply, and telecommunications sectors.
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