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The most important driver for economic growth is infrastructure. If a country has a sound infrastructure then businesses will come and increase the economy.
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What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
Why is economic activity important?
because it stimulates growth
From the standpoint of economic growth banks are important to?
channel savings into investments.
Why is economic growth important goal of the US?
I'm trying to figure it out too.... It's either A) Americans have discovered that economic growth i the only way to achieve economic equity B) Americans have discovered that economic growth is needed to bettter satisfy the wants and needs of a growing population C) Economic growth leads to price stability One of those answers... >_<
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
Why is economic activity important?
because it stimulates 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
From the standpoint of economic growth banks are important to?
channel savings into investments.
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 is economic growth important goal of the US?
I'm trying to figure it out too.... It's either A) Americans have discovered that economic growth i the only way to achieve economic equity B) Americans have discovered that economic growth is needed to bettter satisfy the wants and needs of a growing population C) Economic growth leads to price stability One of those answers... >_<
How is gold important to Fiji?
It provides employment and is part of Fiji's economic growth.
Why is economic development important?
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
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)
