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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 are the two ways to measure economic growth Why is economic growth important What are the two sources of economic growth?
ways to measure economic growth:1 GDP- gross domestic product2 GNP- gross national productThese show how much money is flowing around the economyhope this helps
Sustainable and unsustainable features of china?
they build two power stations a week. unsustainable
What are two ways the railroads influenced economic growth in the US?
Shipping the goods and more transportation brought people here to have economic growth
Name are two factors that contributed to economic growth in the Zhou dynasty?
people
What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
What two geographic features features make the location of Rome favorable?
Rivers and hills are the geographic features that make Rome favorable. These features were essential to Rome's growth as an empire.
What fueled economic growth but also enflamed old rivalries and contributed to two world wars?
Rearmament
What are the two main economic activities in the Caribbean islands?
Agriculture is the main. they also developed important mining industries. Tourism is great hope for future economic growth.
Similarities existing in classical and Keynesian economics?
The two systems aim to achieve economic growth and prevent inflation.
What are some problems associated with economic growth?
There are a lot of problems with economic growth. The following is from the section on <a href="http://www.growthbusters.com">Economic Growth</a> at growthbusters.com site for hooked on growth. Continually rising GDP is in conflict with our goals of sustainability and reduction of greenhouse gas emissions. There are alternative metrics to gauge our happiness and success. Genuine Progress Indicators (GPI) and Gross National Happiness are two examples. Some thought leaders have been urging us for years to embrace economic stability instead of perpetual growth.
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
