Using Any of the Five Foundations of Economic Thought,explain Why

question 129

Essay

Using any of the five foundations of economic thought,explain why farms are not located in major metropolitan areas.

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Definitions:

Private Capital Flows

Financial resources that are invested in a country by private sector entities from other countries, including investments in equity, debt, and property.

Direct Foreign Investment

An investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

World Bank

A bank that lends (and guarantees loans) to developing countries to assist them in increasing their capital stock and thus in achieving economic growth.

Last-Resort Lending Agency

An institution, typically a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky.