Tutor profile: Sheil J.
Explain the nature of public private partnerships
A public private partnership is a contractual arrangement between a public agency and a private sector entity. The assets and skills of both are used in synergy to provide the good or service.
Distinguish between movements along the demand curve and shifts of the demand curve.
Movements along the demand curve are a result of change in prices. Since price is on the y-axis of the demand curve a change in demand will cause the y-axis to consequently change. On the other hand, shifts along the demand curve occur because of changes in other determinants of demand such as changes in price of substitute or complementary goods.
What is the difference between economic growth and development.
A country's economic growth is indicated by an increase in a country's GDP while economic development is a more holistic tool which inculcates education level, mortality rate etc
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