capacity of national economy, whose economic condition has been more or less static for a long time, to generate and sustain an annual increase in its gross national income rates of 5% to 7% or more. (Thirhwall 2006)
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
nature of economic development
Yes, the traditional economic activities are the same as the ealy economic activities.
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
It only looks at the one factor, economic progress and doesn't include other measures.
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
nature of economic development
Yes, the traditional economic activities are the same as the ealy economic activities.
Anthony B. Soskin has written: 'Non-traditional agriculture and economic development' -- subject(s): Agriculture and state, Economic conditions, Economic policy, Exports, History, Soybean industry
Which of the following was not an economic effect of colonization? Global economic development
The Genuine Progress Index (GPI) is an alternative economic indicator that seeks to measure the overall well-being and quality of life of a society, taking into account factors such as environmental sustainability, income distribution, and social welfare. It adjusts traditional economic measures like GDP to provide a more holistic view of a country's progress and development.
No labor means not economic development.
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
the development of economic
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
we need economic development becuse its what we need to live .