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A Necessary Condition for Successful Economic Development Is Democracy

question 90

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A necessary condition for successful economic development is democracy.

Understand the role of efficiency and planning in the development of modern management practices.
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Definitions:

Yield-To-Maturity

An estimate of the total return expected on a bond if the bond is held until the date it matures.

WACC

Weighted Average Cost of Capital; a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.

Return on Assets

A financial ratio indicating how profitable a company is relative to its total assets, used to assess how efficiently a company uses its assets to generate earnings.

Total Equity

The total net value of a company, calculated as total assets minus total liabilities, representing ownership value in the company.

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