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An economy is described as spend-rift if it
Question 1
Report
An economy is described as spend-rift if it
does not concern itself with savings and investment
has a great ability to generate foreign exchange from investment
has greater opportunity to receive large income from investment
invests in income generating industries
has trade connection with other countries
Answer Details
Read lesson note on Distributive Trade (WAEC)
Read lesson note on Economics As A Science (JAMB)
Read lesson note on Types And Basic Features Of Economic Systems (WAEC)
Distributive Trade
Economics As A Science
Types And Basic Features Of Economic Systems
View Answer