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it refers to an increase in a country's real output of goods and services. it explains quantitative changes in economy.it is mainly related to developed countries.
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∙ 11y ago
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Where can I find a definition of 'economic recovery'?
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
What is the definition of economic fluctuations?
regressions and expansionsA sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.
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.
An economic is a time of fast economic growth?
An economic growth_______ is a time of fast economic growth
Where can I find a definition of 'economic recovery'?
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
What is the definition of economic fluctuations?
regressions and expansionsA sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.
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.
What is the definition of recessive?
A decline in the business cycle. Starting from a decline in employment and production , which then lowers household income.
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 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)
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
The 1990's in the US was a time of?
economic growth
