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What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
Why are free markets economies able to attain economic growth?
competition encourages innovation, which causes growth.
What has the author Charit Tingsabadh written?
Charit Tingsabadh has written: 'Fostering economic growth through low carbon initiatives in Thailand'
What were the 2 causes of increased manufacturing workers in the U.S.?
Economic growth and Industrial Revolution
What is meant by the term 'economic stagnation'?
The term 'economic stagnation' means a period of slow economic growth. Depending on the definition of the term, this means growth less than around 2% per year or significantly less than the growth predicted by experts. Causes can be poor economic policy, catastrophes and demographic developments.
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.
similarities of economic growth and development?
economic growth
An economic is a time of fast economic growth?
An economic growth_______ is a time of fast economic growth
What best describes Adam smiths ideas about the causes of economic growth?
Free markets, competition, laissez-faire
An economic what is a time of fast economic growth?
boom/growth
What are the stages in economic growth?
note on stages of economic growth
What is a period of economic growth called?
A period of economic growth is an economic boom
