Low and stable inflation rate.
Low unemployment rate.
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
ways to measure economic growth:1 GDP- gross domestic product2 GNP- gross national productThese show how much money is flowing around the economyhope this helps
they build two power stations a week. unsustainable
Shipping the goods and more transportation brought people here to have economic growth
A decline in the business cycle. Starting from a decline in employment and production , which then lowers household income.
people
Rivers and hills are the geographic features that make Rome favorable. These features were essential to Rome's growth as an empire.
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
Rearmament
There are a lot of problems with economic growth. The following is from the section on <a href="http://www.growthbusters.com">Economic Growth</a> at growthbusters.com site for hooked on growth. Continually rising GDP is in conflict with our goals of sustainability and reduction of greenhouse gas emissions. There are alternative metrics to gauge our happiness and success. Genuine Progress Indicators (GPI) and Gross National Happiness are two examples. Some thought leaders have been urging us for years to embrace economic stability instead of perpetual growth.
The two systems aim to achieve economic growth and prevent inflation.
Agriculture is the main. they also developed important mining industries. Tourism is great hope for future economic growth.