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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.
economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics
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Hi I need help with elasticity. I think the problem has already been posted to your site.
What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms and other organ
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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
if a commodity has limited demand , should economist say that we still have a scarcity ?
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