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Advanced economy high standard of living high human development?
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∙ 12y ago
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Wiki User
∙ 12y ago
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What is the role of entrepreneurship in economic development?
entrepreneuship allows the economy to grow because it gives people more jobs, creates new inventions and ideas, national income, better standard of living, regional development ...
Discuss the factors which determine the standard of living in a mixed free enterprise economy?
In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.
Define Economic Society?
Economic development generally refers to the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy.
What are the importance of marketing in Nigeria economy?
Marketing contributes to Nigeria's standard of living
Does a mixed economy have a high standard of living?
Generally mixed economies generate more wealth than other kinds of economies leading to a higher standard of living
What does level of development mean?
The level of development refers to the economic, social, and technological progress of a country or region. It is often measured based on factors such as gross domestic product (GDP) per capita, access to education and healthcare, and overall standard of living. Countries with higher levels of development tend to have better infrastructure, higher living standards, and more advanced industries.
What do you call a period of change in an economy?
standard of living
What is the role of entrepreneurship in economic development?
entrepreneuship allows the economy to grow because it gives people more jobs, creates new inventions and ideas, national income, better standard of living, regional development ...
Discuss the factors which determine the standard of living in a mixed free enterprise economy?
In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.
To improve its standard of living a nations economy must?
Remain stable
How is the Human Development determined?
Human development is determined by a combination of biological, environmental, and social factors. It involves physical, cognitive, and emotional growth throughout the lifespan, influenced by genetics, family, peers, education, culture, and societal expectations. Factors like nutrition, access to healthcare, education, and opportunities for social interaction play a significant role in shaping human development.
Define Economic Society?
Economic development generally refers to the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy.
What are the importance of marketing in Nigeria economy?
Marketing contributes to Nigeria's standard of living
What is most progressive country in Asia?
In terms of development and standard of living, Japan is the most progressive country in Asia. In terms of economy, Qatar is the most progressive country in Asia (and the world).
What is a good fact about the continent Europe?
Europe is the most advanced continent and has the highest standard of living.
Does a mixed economy have a high standard of living?
Generally mixed economies generate more wealth than other kinds of economies leading to a higher standard of living
How is the standard of living in Denmark?
Denmark has the sixth highest economy in the world. It's good.
