Make a Case That Development Economics Might Be Merely a Combination

question 21

Essay

Make a case that development economics might be merely a combination of all the other subfields
of economics, only applied to low-income countries.

---

Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Incentive Structure

An incentive structure is a system of rewards and penalties that aims to motivate individuals or entities to act in a certain way that aligns with specific objectives or goals.

Organization

A structured group of individuals working together towards common goals or objectives, often characterized by a specific hierarchy and roles.

Vice President

An executive role in a company or government, typically below the president, responsible for specific departments or decision-making.