The Soviet Union

soviet union

the decline of economic growth and productivity throughout the Soviet Union

Franklin A. Lindsay has written:

'The growth of Soviet economic power and its consequences for Canada and the United States' -- subject(s): Commerce, Economic conditions

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.