The improvement in railway technology helped to spur economic growth by enabling products to be sent farther away, and for these products to get to where they were going quickly. This let companies expand their sales market. It also allowed consumers to obtain products that they may have been unable to before.
High levels of education and application of new technology
over estimated econimic growth from 1996 to 1999
Nova net: they belived it promoted economic growth
Shipping the goods and more transportation brought people here to have economic growth
IT park is Information Technology park.. with latest infrastructure for software and information technology growth.
because it have a big but
AnswerRole of information communication technology in Indian economic growth?AnswerRole of information communication technology in Indian economic growth?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
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Economic philosophers generally view progress as the improvement in living standards, economic growth, and social welfare resulting from innovation, technology, and increases in productivity. They believe that progress can lead to a more prosperous and equitable society when managed effectively.
Any increase in Labor, Capital, or Technology
Economic growth is an increase in production levels of goods and services within a country. To measure and distinguish weather or not a country is growing, we need to observe the total amount of goods and services being produced in the country at the time, the real gross domestic product (GDP), and compare it to changes from one year to the next as a percentage. Common factors associated with economic growth are increases in capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth.
it did not begin until the economic growth becasue they did not have that kind of technology back then
There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.
Usually improvement in the utilization of economic resources. Economic resources are defined as land, labor, capital, and human capital (ie entrepreneurial ability or any skills you might have). The best example is oil which was thought to be useless and gross, and is now very valuable. Technology is estimated to contribute about 25-50% of Real GDP per capita growth, although its extremely difficult to estimate.
Andrea Bassanini has written: 'Knowledge, technology and economic growth'