Economic modernisation and the world market
Answers are for parents and teachers.
1
Write three advantages of a free economic zone and one possible problem.
Advantages: privileges, new jobs, technology transfer. Problem: a development gap with areas outside the zone may appear.
2
Name three directions of economic reform after 2000.
Reducing state intervention and guaranteeing business; import substitution and localisation; free economic zones and renewing the tax system.
3
Why is currency convertibility important for foreign investors? Write two sentences.
If an investor can reliably convert income into their own currency, the risk is lower. That is why free exchange encourages investment flows.
4
Why are taxes needed? Give two examples from the life of your school or mahalla.
Taxes pay for the upkeep of schools, roads and hospitals and for salaries of public employees.