0
What is the most important factor that explains differences in living standards across countries?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Definition of economic growth?
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.
What best explains why competition is an important part of a free-market system?
C. Without competition, people wouldn't have a lot of choices.
Which idea best explains why the United Nations was considered important in 1945?
the hope that international cooperation might prevent future global conflict
What are the importance of macroeconomics?
The theoretical and practical importance of macro economics is briefly discussed as: 1. It is helpful in understanding the functioning of macro economics system. 2. It explains the factors which determine the level of national income and employment in an economy. 3. It explains the circular flow of national income in an economy. 4. It explains the problem of unemployment which is a main problem of developing countries. 5. It explains the various aspects of international trade such as terms of trade balance of payments, foreign exchange etc. 6. It studies the causes of fluctuations in the business cycle and to formulate the policies to control inflation and deflation.
What is the importance of macroeconomics?
The theoretical and practical importance of macro economics is briefly discussed as:1. It is helpful in understanding the functioning of macro economics system.2. It explains the factors which determine the level of national income and employment in as economic.3. It explains the circular flow of national income in an economy.4. It explains the problem of unemployment which is a main problem of developing countries.5. It explains the various aspects of international trade such as terms of trade balance of payments, foreign exchange etc.6. It studies the causes of fluctuations in the business cycle and to formulate the policies to control inflation and deflation.
What is CEA-2031 compliant?
http://www.ce.org/Standards/browseByCommittee_2651.aspthat website explains it all... :)
What type of essay explains the similarities or differences between two or more things?
A comparative essay explains the similarities and differences between two or more things. It typically involves analyzing the similarities and differences to draw meaningful conclusions about the subjects being compared.
Name the theory that explains the major differences between these states of matter?
Kenetic Theory
Which event explains the differences between two maps?
you
Which explains the differences between the two maps North America 1754 and 1763?
Vbfghd
Which event explains the differences between both the two maps?
Please rewrite. We are not given the maps or years.
Why is the constitution so important to your legal system?
The Constitution is important because it explains your rights and the way you should be treated by the law. The Constitution also explains how the government is to be laid out.
Which reason best explains the growth in the membership of the Ku Klux Klan in the 1920s?
Conservatives were threatened by changes in society and its moral standards.
Which best explains why openness is important to the progress of science?
jjj
Which statement best explains why countries from intergovernmental organizations?
To work together to promote their national interests
Which statement explains how precpitation forms?
why is the greenhouse effect important for life on the earth
What is prayer of the refugee about?
It is about fair trade with foreign countries, if you watch the music video it explains it pretty well.
