Economics

be self-sufficient

raise general living standards

raise the level of production

reduce aggregate expenditure

labour-intensive method of production

capital-intensive method of production

efficient allocation of resources

efficient distribution of output

higher price at home than abroad

lower price at home than abroad

price that equates marginal cost with marginal revenue

price above marginal cost abroad

market force determine interest and exchange rates

government alone determines interests and exchange rates

market forces and government determine interest and exchange rates

exchange rate is regulated while interest rate is fixed

provide short-run loans to members

encourage trade between members

promote capital-intensive production

provide long-time loans to members