Why is size of population important to economic development

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Assignment:

1. Briefly explain how transportation can advance the social wellbeing of a country?

2. The size of a country's population and the associated age distribution can be causal factors for economic growth. Why is the size of the population important to economic development?

3. The theories of absolute and comparative advantage have been offered as an economic rationale for trade between and among regions and countries. How different is absolute advantage from comparative advantage?

4. In your opinion, explain two (2) ways the theory of specialization has contributed to international trade?

5. In your ow opinion, give four (4) ways how technology and information has enhanced an efficient transport system in the 21st century?

Reference no: EM133209375

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