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Sustained economic growth refers to a consistent increase in a country's output of goods and services over an extended period, typically measured by GDP. It is crucial for improving living standards, creating jobs, and enhancing overall economic stability. Factors contributing to sustained growth include technological advancements, increased productivity, investment in infrastructure, and a skilled workforce. However, it can also lead to challenges such as income inequality and environmental degradation if not managed responsibly.
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What war caused sustained economic growth?
World War 2 caused sustained economic growth.
What factors contributes to the shrinking of the workforce even though economic growth is sustained?
Even though economic growth is sustained, the workforce is shrinking because of increased automation and the aging of the population.
The country with the highest rate of sustained economic growth between 1980 and 2000 is?
China
What would contribute to a sustained high rate of economic growth in the long run in an economy?
growth in capital per hour accompanied by technological change
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
What war caused sustained economic growth?
World War 2 caused sustained economic growth.
What factors contributes to the shrinking of the workforce even though economic growth is sustained?
Even though economic growth is sustained, the workforce is shrinking because of increased automation and the aging of the population.
The country with the highest rate of sustained economic growth between 1980 and 2000 is?
China
What happened to the economy of the United states during the decades of the 1950s and 1960s?
it experienced sustained economic growth
What happened to the economy of the United states during the decades of the 1950 and 1960?
it experienced sustained economic growth
What would contribute to a sustained high rate of economic growth in the long run in an economy?
growth in capital per hour accompanied by technological change
What has the author Pieter Bottelier written?
Pieter Bottelier has written: 'Can China's growth trajectory be sustained?' -- subject(s): China, Economic conditions
What was not a general characteristic of an economic depression?
A general characteristic that is not typically associated with an economic depression is sustained economic growth. During an economic depression, key indicators such as GDP, employment, and consumer spending usually decline significantly. Other characteristics include high unemployment rates and deflation, rather than inflation or consistent increases in economic activity. Thus, economic growth contradicts the essence of a depression.
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
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 might the use of more advanced technology not be a sufficient condition for sustained economic growth?
The use of advanced technology alone may not guarantee sustained economic growth because it often requires complementary factors such as skilled labor, effective institutions, and robust infrastructure to fully realize its potential. Additionally, the benefits of technology can be unevenly distributed, leading to income inequality and social unrest, which can hinder overall economic progress. Furthermore, technological advancements can disrupt existing industries, potentially leading to job losses and economic instability if not managed properly. Therefore, a holistic approach that combines technology with other critical factors is essential for sustainable growth.
What impact did the growth of families in the 1950s have on American business?
It sustained growth of consumer-goods industries.
