This assessment examines the reasons for the recent surge in agricultural commodity prices and their implications for both developed and underdeveloped countries. Students are asked to make their own evaluations by using appropriate microeconomics concepts and suggest policies for stabilising...

This assessment gives a brief overview of the process of economic growth by adopting predominantly a historical perspective. Starting with the meaning of economic growth and development, it illustrates how growth proceeded in an uneven fashion over the past two centuries and drastically changed...