Economic growth and economic development, Microeconomics

Assignment Help:

Economic growth and Economic development:

Economic Growth refers to an increase in real aggregate output (real GDP) reflected in increased real per capita income.A country is said to experience economic growth if overtime, its real output (real GDP) increases as well as its real per capita income.

Economic development is a sustainable increase in real GDP that implies increased real per capita income, better education and health as well as environmental protection, legal and institutional reforms and an efficient production and distribution system for goods and services.


Related Discussions:- Economic growth and economic development

Economic problems, economic problems are faced by all types of economies bu...

economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss

Production theory and analysis in managerial economi, dicuss the relevance ...

dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics

Theory of supply, how to make attractive assignment on theory of supply

how to make attractive assignment on theory of supply

Help, Hi I need help with elasticity. I think the problem has already been ...

Hi I need help with elasticity. I think the problem has already been posted to your site.

What types of questions would concern microeconomics, What types of questio...

What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms  and other organ

Marginal utility theory, discuss whether marginal utility is a realistic pi...

discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand

The production possibilities frontier (ppf), The Production Possibilities F...

The Production Possibilities Frontier (PPF) The PPF curve exhibits the probable combinations of goods and services accessible to an economy, given that all productive resources

Scacity, if a commodity has limited demand , should economist say that we s...

if a commodity has limited demand , should economist say that we still have a scarcity ?

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