Answer to Question #285293 in Microeconomics for Hansi

Question

Can u give an example about the dynamics analysis from the current Sri lankan economy ?

Answer 1

Sri Lanka economic system is incorporated with the personal sector and the state sector. They both have interaction within the production method. Labor market conditions is affected by the pandemic and affects negatively on the deteriorating economy. The core operations and activities that revive, and the backbone towards its economic development are inclusive of international trades between China, Japan and Indian. Actively developed infrastructure in health, education , as well as its strategic placement and location in Asia and Middle East that are major trade routes. The projection of its Gross Domestic Product is projected to positively grow if the weaknesses affecting the economy is fully taken care of.