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cities hold such a grat potential because of job opportunities

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Why do cities hold great potentials as engines of economic growth?

Cities are engines of economic growth because they have the ability to offer incentives to businesses so that they will build and develop in the city to provide jobs. A city is run by the people who elect officials to represent them. Offering incentives to people is also a good idea for 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)


What promotes economic growth in cities?

A variety of different things promote economic growth in cities. Incentives for new businesses to build, such as low property taxes and reasonable lease rates are some examples.


Which sub regions in Canada have the greatest potential for economic growth?

Canada


When should the government implement restrictive fiscal policy?

When the economic growth rate exceeds the long run growth potential.


How did the crusades affect cities such as Venice and Genoa that bordered the Mediterranean sea?

There was an increase in trade and economic growth in cities along the Mediterranean Sea.


What has the author Henry G Cisneros written?

Henry G Cisneros has written: 'Urban entrepreneurialism and national economic growth' -- subject(s): Cities and towns, Economic aspects, Economic aspects of Metropolitan areas, Economic conditions, Economic policy, Growth, Metropolitan areas, Regional disparities, Urban economics


Define the term Economic growth?

Economic growth can be further split into Actual growth and potential growth.Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.


What is urban growth pattern?

Urban growth pattern refers to the way in which cities and urban areas expand over time. This can include factors such as population growth, land use changes, infrastructure development, and economic trends. Different cities may exhibit different growth patterns, such as concentric, radial, or sectoral growth.


What are some potential obstacles to economic growth in India?

Very large poverty rate and their low literacy rate


What were some positive and negative effects of rapid industrial growth?

An increase in life expectancy, and growth of cities were positive, but pollution and economic redistribution were seen as bad. ChaCha On!


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.