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How did improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
What term references a period of economic growth as measured by a rise in the real GPD?
The term that references a period of economic growth measured by a rise in real GDP is "economic expansion." During this phase, the economy experiences increased production, higher employment rates, and generally improved economic conditions. Economic expansions are part of the business cycle and can lead to increased consumer confidence and spending.
Why can globalization lead to radically unequal economic growth?
An unequal distribution of economic power
What help lead to US economic growth in the 1950?
U.S industries doing very well helped economic growth in the 1950s.
What helped lead to the US economic growth in 1950?
Industries doing very well and growth of domestic consumerism led to U.S. economic growth in the 1950s.
How did improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
How does technological change affect cities?
Technological change can impact cities by increasing efficiency in transportation, communication, and infrastructure. This can lead to economic growth, improved quality of life, and increased opportunities for businesses and residents. However, it can also contribute to issues such as gentrification, job displacement, and unequal access to technology.
When a country invests in transportation system and power plants it is investing in?
When a country invests in transportation systems and power plants, it is investing in its infrastructure, which is critical for economic growth and development. Improved transportation facilitates trade and mobility, while reliable power supply supports industries and enhances the quality of life for citizens. These investments can lead to increased productivity, job creation, and overall enhancement of the nation's competitiveness on a global scale.
What term references a period of economic growth as measured by a rise in the real GPD?
The term that references a period of economic growth measured by a rise in real GDP is "economic expansion." During this phase, the economy experiences increased production, higher employment rates, and generally improved economic conditions. Economic expansions are part of the business cycle and can lead to increased consumer confidence and spending.
Why can globalization lead to radically unequal economic growth?
An unequal distribution of economic power
What help lead to US economic growth in the 1950?
U.S industries doing very well helped economic growth in the 1950s.
What helped lead to the US economic growth in 1950?
Industries doing very well and growth of domestic consumerism led to U.S. economic growth in the 1950s.
What helped lead to US's economic growth in the 1950s?
Industries doing very well and growth of domestic consumerism led to U.S. economic growth in the 1950s.
How can international trade agreements lead to economic growth?
Uneducated
How did the construction of the railroads replace other means of transportation?
It enables transportion between different remote locations, transpoting goods throughout was easier and faster, economic growth would lead in result.
How might investing in transportation systems help developing countries?
Investing in transportation systems can significantly boost economic growth in developing countries by improving access to markets, jobs, and essential services. Enhanced transportation infrastructure facilitates trade and reduces logistical costs, enabling local businesses to thrive. Additionally, better transportation can promote social inclusion by connecting remote areas to urban centers, improving access to education and healthcare. Ultimately, these investments can lead to increased productivity and improved quality of life for communities.
Which change would likely lead to the building of a new road in a developing country?
The construction of a new road in a developing country is often prompted by increased economic activity, such as the establishment of new industries or agricultural projects that require improved transportation. Additionally, population growth in a region may create a demand for better infrastructure to connect communities and facilitate access to markets. Government investment in infrastructure development, often spurred by international aid or loans, can also lead to the construction of new roads to support economic growth and improve accessibility.
