Economic development , Microeconomics

Assignment Help:

Economic Development

The word development is from the Latin root ‘Voloper’ which meant wrap up, envelop. The English used this word along with ‘des’ meaning ‘undo’. The word used was ‘disvelop’. The French replaced this word in 1656 with ‘develop’ which meant unfold or unwrap. The act of unwrapping may also be interpreted to mean expanding, diversifying, redistributing the contents. The popularity of the term development began with decolonialisation.

Going through several conceptual metamorphosis through the decades, currently development is taken to mean economic growth that is contributed by a large cross-section of the population which in turn would also mean large scale employment, increasing incomes and a resultant appreciation in the quality of life of the people. The distributional effects of growth [i.e. ‘growth with and through justice’ policy or the ‘equality in growth’ dimension] are incorporated in the current conception of development.


Related Discussions:- Economic development

Vitamin a, 1) Vitamin A Vitamin A has been chosen as the vitamin to be incl...

1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.

Money and banking., excess reserve make a bank less vulnerable to runs.why

excess reserve make a bank less vulnerable to runs.why

Explanation of the break in trend, Explanation of the Break in Trend: ...

Explanation of the Break in Trend: An economy can grow in three different ways or all three ways may work simultaneously:   1)  Horizontally, i.e., it may go on producing m

Define the post-communism policy, Policy: Post-Communism Demolition of ...

Policy: Post-Communism Demolition of the Berlin Wall and take-down of the Iron Curtain hasn't significantly improved the situation in what are optimistically and euphemisticall

Concept of supply, #question.using a well illustrated diagram, explain the ...

#question.using a well illustrated diagram, explain the concept of producers equilibrium .

Rent, what is modern theory

what is modern theory

Intermediate Microeconomics: Producers and Market S, Model in economics is...

Model in economics is the permanent income hypothesis, which basically states that a household''s expenditures will not react to a change in income unless that change in income is

Withdrawing mrtp restrictions, Withdrawing MRTP Restrictions: The res...

Withdrawing MRTP Restrictions: The restriction on the scrutiny of an investment proposal that it does not violate the provisions of MRTP Act was withdrawn. This freed big bus

Price determination explain briefly about it by then, about the price deter...

about the price determination with the held of diagramatic explanation numerical explanation related to the concept

Bureaucratic problems, BUREAUCRATIC PROBLEMS: Bureaucratic problems en...

BUREAUCRATIC PROBLEMS: Bureaucratic problems encountered as hurdles in the implementation of economic policies are listed below: • Low levels of efficiency, effectiveness,

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd