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What else can I help you with?
Are there types of economic growth?
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.
What impact did the transcontinetal railroad have on the industrial growth?
It is often argued that the transcontinental railroad increased the national GNP, but an economic study shows that the GNP would have remained the same without the railroad, but it would have been concentrated in the East.
What are the three forms of economic growth you believe are environmentally unsustainable?
that's the same question i want to ask to others..
What is the solution for solving Mexico's population problems?
Population by itself is not an issue; the problem is disorganized population growth without enough economic growth to allow greater wealth among the population. Nowadays, Mexico is following several strategies to increase economic growth, while at the same time, it is trying lower its population growth to manageable levels. These include economic and social reforms as well as family planning campaigns.
What are the foreign policies of Joseph estrada?
The Estrada administration continued on the same path as the previous administration. The focus was on national security, assistance for nationals, image building and economic diplomacy. Diplomatic ties with South Korea, Japan, Hong Kong, Singapore, Malaysia, Thailand and Vietnam were upheld.
What is an extra building that is added to another bigger building and used for the same purpose?
An extra building added to a larger structure for the same purpose is often referred to as an annex or extension. This additional space can accommodate growth, provide extra facilities, or enhance functionality without the need for a completely new building. It is commonly seen in schools, hospitals, and office complexes to meet increased demands.
What is the significance of capital goods in the production process and how do they contribute to economic growth?
Capital goods are essential tools and equipment used in the production process to create goods and services. They play a crucial role in increasing efficiency and productivity, leading to economic growth. By investing in capital goods, businesses can produce more output with the same amount of resources, ultimately driving economic expansion and development.
What role do capital goods play in the economy and how do they contribute to economic growth and development?
Capital goods are essential tools and equipment used in the production of goods and services. They play a crucial role in the economy by increasing efficiency and productivity, which leads to economic growth and development. By investing in capital goods, businesses can produce more output with the same amount of resources, leading to higher profits and overall economic prosperity.
Uses of national income?
Uses of National Income Data:- 1:National Income as a measure of economic growth - Estimates of national income at constant prices indicate economic growth of a country. 2:National Income as an indicator of success or failure of planning - If a country has adopted planning as a means of economic growth then national income data can help in assessing the achievements of planning. 3: Useful in estimating per capita income - Per capita income is obtained by dividing national income by total population of the country. 4:Useful in assessing the performance of different production sectors - Production units of a country are broadly classified into primary, secondary and tertiary sectors. These sectors generate factor incomes. The data on factor incomes generated by these sectors can be used to measure their relative contributions to national income. 5:Useful in measuring inequalities in the distribution of income - All individuals so not have the same income. It means national income is unequally distributed among people. The extent of inequality in a country can be measured from the national income data collected through the income distribution methods. 6:Useful in measuring standards of income - The expenditure method reveals consumption expenditure and investment expenditure. If the total consumption expenditure is divided by the total investment expenditure we get per capita consumption expenditure which indicates the average standard of living of the people of the country. 7:Makes international comparisons possible - We can compare the economies of any two countries on the basis of their national income data.
How does Economic growth occur?
Economic growth occurs when businesses have the capability to produce more products or provide more services at the same cost since a previous point in time. The catalyst for this growth is delayed consumption, which frees up money to invested in capital, such as labor-saving machinery and R&D. If the capital is a success, businesses become more efficient and thus produce more than before.
How does geometric growth rate differs from an arithmetic growth rate?
In geometric growth the ratios of successive terms is the same whereas in arithmetic growth the differences are the same.
What are your recommendations about how the other countries in Latin America may duplicate Brazil's successful democracy?
It really boils down to what you define as "successful democracy". You mean rapid economic growth? Many countries within the region have achieved the same and even higher growth levels, such as Peru, Costa Rica or Panama; if you mean transition to democracy from a military dictatorship, Chile and Argentina did the same during the same time period; may be you are referring to economic success: Chile, Argentina and Uruguay have even higher levels of development than Brazil.
