Pakistan is a developing country in South Asia. It is home to around 18 million people worldwide. In most parts of the country, the standard of living is underdeveloped or, in other words, still developing. Pakistan's economy is divided into three main parts. According to statistics, agriculture accounts for 21.2%, industry: 25.4% and services cover up to 53.4%. The country is troubled by many problems, military, political, economic, etc. These problems boil down and hinder development. Pakistan has an inflation rate of 11%, which is really high and this prevents it from becoming a world leading country. Additionally, the unemployment rate is around 7%, which is above average. According to Heritage.org, Pakistan's economy is ranked 126th in the world. The major problem in Pakistan lies not in drone attacks or the constant conflict with India, but in the country's economic difficulties. Pakistan suffers from multiple economic problems. But perhaps most devastating of all is the shortage of electrical power. This shortage not only affects households but is also catastrophic for industry. In summer, the power outage can last 10 to 18 hours depending on location, with larger cities receiving most of the electricity generated. This could lead to the closure of the country's main industries. With industries not operating full-time, fewer employees are needed, leading to unemployment. This also impacts the offices and people in the department. Some people are forced to rely on other expensive sources of power like UPS or portable generators for their daily work. All this leads to less production of goods. Fewer resources, fewer exports and that harms the economy. However, there is a simple solution to this... middle of paper ...... sports, the way the game is played and its outcome depend on the nature of the rules, the character of the players and the fairness (impartiality) of the arbitrator. Additionally, rule choices and enforcement mechanisms will be affected by dominant ideology and culture. » Works cited “Economic Freedom Index 2014”. The Heritage Foundation. The Heritage Foundation, nd Web. April 20, 2014. Shout, Anthony. The economic and social cost of illiteracy: an overview of illiteracy in a global context. Rep. Np: np, nd World Literacy Foundation. Internet. April 20, 2014. North, Douglass C. “Politics: Institutional Economics.” Growth and Welfare in the American Past. 2nd ed. Np: Prentice Hall College Div, 1974. 56. Printed “Trade balance of Pakistan”. Commercial economics. Np, and Web. April 20. 2014. .