Neoliberalism supports laissez-faire economics. In other words, an economy in which their private parties can realize transactions between them without government intervention. It also supports free-market capitalism which beliefs in private ownership of entities and the operation of them in order to make a profit.
Adam Smith is the economist behind this ideology. In his book: "The Wealth of nations" he strongly criticized mercantilism, government subsidies, and the licensing of monopolies.
<em>Privatization programs go in line with this current of thought and have dominated world politics in the western hemisphere during a great part of the 20th century until nowadays.</em>
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Below are the choices:
<span>oil and gas revenues
traditional agriculture
high-tech industries
manufacturing
</span>
Papua New Guinea’s economy is based largely on <span>traditional agriculture</span>
High labor cost and Reliance on a single crop for export and Low population growth and lack of education are the two obstacles to progress in developing nations.
<h3>How
nation can be a developed country?</h3>
Nation can become a developed country if the economy rate and the employment rate will increase in the nation. The education level plays an essential role as people are not much educated, directly impacted the employment rate.
There are options missing in the question of which are given below-
High population growth and diversification of export
Low population growth and lack of education
High population growth and Reliance on former colonial rulers
High labor cost and Reliance on a single crop for export
Thus, option B and D are correct.
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Answer: The advice are:
+ Don't befriend each other
+ Surround yourself with positive people
+ Try a new thing
+ Let go of the memory
+ Focus on your life and use every power you have to make it better
+ Live in the present not the past
+ Learn from it and accept it
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