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features of economic growth are
1.continues process
2.increse in per capita real income
3.long term process
4.quantative concept
5.no structual change
6.no solution to the problem
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∙ 11y ago
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Why economic growth is desirable for modern open economies?
Why economic growth is desirable for modern open economies
When did modern economic growth begin?
with the Industrial Revolution
When and where did Modern economic growth begin?
In Netherland- 17th Centuraty
What are some concepts related to economic growth?
Economic growth consists of many features. In some cases, smaller features work together to provide conditions for economic growth. One feature is that there needs to be a balance between import and export. Neither of these can be substantially higher than the other. Secondly, resources that are available need to be used efficiently and productively. Mismanagement of resources and over consumption may stun economic growth.
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.
Why economic growth is desirable for modern open economies?
Why economic growth is desirable for modern open economies
When did modern economic growth begin?
with the Industrial Revolution
When and where did Modern economic growth begin?
In Netherland- 17th Centuraty
What are some concepts related to economic growth?
Economic growth consists of many features. In some cases, smaller features work together to provide conditions for economic growth. One feature is that there needs to be a balance between import and export. Neither of these can be substantially higher than the other. Secondly, resources that are available need to be used efficiently and productively. Mismanagement of resources and over consumption may stun economic growth.
What are two features of sustainable economic growth?
Low and stable inflation rate. Low unemployment rate.
The modern theory of money employment in ternational trade and economic growth are part of which man?
walres
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 does economic features mean?
economic features are features that the economy has
The modern theories of money employment international trade and economic growth are part of this man's system?
Walras
The modern theories of money employment international trade and economic growth are part of this man's system.?
Walras
The modern theories of money employment international trade and economic growth are part of this mans system?
Walras
similarities of economic growth and development?
economic growth
