Question

Provide two examples of applications of integration to problems arising in economics.

Answer 1

1: Barriers to the trade and investment: Barriers in the trade consists the all measures by public authorities. Or we can say that the private sector which is stops the market access of goods.some examples are as import and export, high customs tariffs and so on that result in the futile expenses.The Investment barriers are thse barries which reduces or lessens the investment in economy.

2: The Development Gap: this consists the more and wide difference in the steps of development in between the richest and poorest countries of the world. For example,many different measures are used to reach or assessthe development gap as we can say USA and Germany have the advanced machines or intruments for work in contrast to Bangladesh and india, or china is more farward in technology.

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