As Part of Efforts to Stimulate Economic Development in Africa

question 96

Multiple Choice

As part of efforts to stimulate economic development in Africa, the Gates Foundation announced that it would provide cellular phones to farmer cooperatives. The Gates Foundation recognized problems in __________ exist in many African markets.

• A) transportation
• B) communication
• C) distribution
• D) commerce
• E) population

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Definitions:

Private Funds

Financial resources raised from non-governmental sources, used for investment or other private enterprise.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Surplus Goods

Items in excess of what is needed, often resulting in stockpiles or discounted sales.

Transportation Costs

are expenses involved in moving goods or people from one location to another, including fuel, labor, and maintenance of vehicles.