Choosing a development strategy
Choosing a development strategy
Market-orientated strategies use freer markets and private enterprise to improve efficiency, attract capital and exploit comparative advantage. Interventionist strategies use state action to correct market failure and provide capital, infrastructure and services that markets may underprovide.
Step-by-step lessons covering Edexcel A A Level Economics 4.3.3 Strategies influencing growth and development for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.