Which of the following factors has helped improve Bangladesh’s economy in recent years?
A. new tariffs
B. microlending
C. shifting to a command economy
D. increasing focus on agriculture
B
A
A
C
still works 2023 WORD FORM:
1. microlending
2. Pakistan
3. high populations and low economic development
4. a poorly developed infrastructure
thank me later ;)
B. microlending
@answered is 100% right for connexus!!! (I got a 75% tho cuz I accidentally clicked “d” instead of “c” 😅)
Thank you for confirming that! And don't worry about the mistake, we all make them sometimes :)
To determine which factor has helped improve Bangladesh's economy in recent years, let's analyze each option:
A. New tariffs: Tariffs refer to taxes imposed on imported goods. While new tariffs can protect domestic industries, they may not necessarily contribute to overall economic growth. To identify whether new tariffs have improved Bangladesh's economy, you can look into trade data, economic reports, or government policies related to tariffs in Bangladesh.
B. Microlending: Microlending refers to providing small loans to low-income individuals or entrepreneurs to support their business ventures. This approach has been widely acknowledged for reducing poverty and improving economic conditions in various countries. To assess the impact of microlending on Bangladesh's economy, you can research specific microfinance initiatives, studies, or reports on poverty reduction and entrepreneurship in the country.
C. Shifting to a command economy: A command economy is characterized by central planning, where the government controls all aspects of economic activities. Bangladesh's economy, however, is not a command economy. It follows a mixed economy approach with elements of both market-driven and government-controlled sectors. Therefore, shifting to a command economy is not applicable in this context.
D. Increasing focus on agriculture: Agriculture plays a significant role in Bangladesh's economy, employing a large percentage of the population and contributing to export earnings. Increasing the focus on agriculture can boost the country's agricultural productivity, income generation, and food security. To determine the impact of the agriculture sector on Bangladesh's economy, you can research agriculture-related policies, investments, and agricultural production data.
By conducting research, studying economic reports, analyzing government policies, and examining relevant studies, you can arrive at an informed conclusion about which factor has helped improve Bangladesh's economy in recent years.