Question: QUESTION 4 a) Economic growth is said to be a necessary but not an efficient condition for eradicating absolute poverty and reducing inequality. Discuss.

QUESTION 4 a) Economic growth is said to be a necessary but

QUESTION 4 a) Economic growth is said to be a necessary but not an efficient condition for eradicating absolute poverty and reducing inequality. Discuss. (6 marks) b) Explain the following concepts as used in economic development. i. Financial repression; Financial substitution; iii. Currency substitution; iv. Unorganized money markets. (3 marks) (2 marks) (2 marks) (2 marks)

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