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Economic growth is best defined as a long-term expansion of the productive potential of the economy.
Trend economic growth refers to the smooth path of long run national output. Measuring the trend rate of growth requires a long-run series of macroeconomic data (perhaps of 20 years or more) in order to identify the different stages of the economic cycle and then calculate average growth rates from peak to peak or trough to trough. Another way of thinking about the trend growth rate is to view it as an underlying speed limit for the economy. In other words, it is an estimate of how fast the economy can reasonably be expected to grow over a number of years without creating an unsustainable increase in inflationary pressure. EFI PAPASTYLOU
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What is the economic system that is most closely related to a democracy?
The economic systems of democratic socialism are the closest forms of communism. The main differences are that other socialist and non socialist parties could exist and be part of the government. However, any economy calling itself "socialist" infers that the major means of production is controlled by the government.
What is economic orthodoxy?
An economic orthodoxy is a set of principles and policies related to the economy, and there can be many different kinds of orthodoxies. This orthodoxy involves principles and policies which are aimed at global economy work more smoothy by harmonising the way that national economies operate (e.g. by reducing barriers to international trade, such as tariffs and so forth)
Why are economics and politics related?
The link between economics and political science is economic policy. These are rules, or regulation, or policies that politicians make concerning the economy. Economic policy is a vast area that range from minimum wage to taxation to banking regulations. They have both political and economics consequences. A large portion of politics is about how government can (or should) influence the economy. The study of these economic effects relate to (a portion of) political science.
How are economic growth and productivity related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
What is the meaning of economic character?
related to money related to money
What are related words to economic?
economy government society
Is economic the same as political?
No, economics and politics are separate academic fields. Economics studies the production, distribution, and consumption of goods and services, while politics focuses on governance, power dynamics, and decision-making processes within societies. However, there are often interconnections between economic and political systems.
What is Coincident Indicators?
An economic indicator which varies directly with, and at the same time as, the related economic trend, thereby providing information about the current state of the economy.
What factors related to the economy must be considered in the preparation of prospective financial business statements?
What are the economic conditions in the country?What are critical economic trends?Is the economy inflationary, deflationary, or stable?What is the trend with regard to labor availability?
What is the economic system that is most closely related to a democracy?
The economic systems of democratic socialism are the closest forms of communism. The main differences are that other socialist and non socialist parties could exist and be part of the government. However, any economy calling itself "socialist" infers that the major means of production is controlled by the government.
Activities related to the production and distribution of goods and services in a particular geographic region?
Economic activities are related to the production and distribution of goods and services in a particular geographic region.
What is the Islamic point of view related to psychological theories?
Islam is not against these theories.
What countries are members of the G9?
There is a Wikipedia page which lists the 'Group of ten economic nations' (G10) - see related link.
How are the nomadic attacks on Rome related to Rome's economic problems?
It was an agricultural economy in order to support large city populations, and nomadic incursions disrupted this nexus.
How is biology related to economics?
animals and plant
What is economic orthodoxy?
An economic orthodoxy is a set of principles and policies related to the economy, and there can be many different kinds of orthodoxies. This orthodoxy involves principles and policies which are aimed at global economy work more smoothy by harmonising the way that national economies operate (e.g. by reducing barriers to international trade, such as tariffs and so forth)
Who developed theories related to geometry?
Johannes Kepler
