Question

Why do economists seeking to study industry entry and exit measure the number of firms instead of the number of establishments? (Hint: At which level are fundamentally independent economic decisions made by a business; the firm as a whole or an individual sales outlet of the firm?)

Short answer

To research the forces which have created a state of economic dependence for many developing countries;

Step-by-step solution

Introduction

There are few objectives considered more compelling by developing countries thanthe necessity to realize their economic freedom. Throughout theThird World, from Bolivia and Botswana to Burma, few themes arouse such mass enthusiasmbecause the clarion call to economic independence.

Given Information

Despite its potency in shaping many national goals and policies,little or no intellectual effort has been expended in analyzing the concept and exploring its ramificationswithin the realms of politics, economics, or sociology.

Explanation

The purpose of this text is to clarify the meaning of economic independence, and to figure out the most consequences and determinants of the choice strategies currently being employed by the African states. I propose first to think about the assorted concepts of economic freedom, as they need evolved historically; and eventually to debate the most characteristics, strengths, and weaknesses ofthe varied strategies for attaining economic independence in Africa.