Explain about the long-run economic growth, Business Economics

Assignment Help:

Explain about the long-run economic growth.

Long-Run Economic Growth:

Secular or long-run growth is the continued upward trend into aggregate output per person over many decades.

A country can attain a permanent raise in the standard of living of its citizens only by long-run growth. Therefore a central concern of macroeconomics is what finds out by long-run growth.

Related Discussions:- Explain about the long-run economic growth

Scarcity and original cost, define scarcity and opportunity cost? what rol...

define scarcity and opportunity cost? what role these two concepts play in the making of decision making?

Deductive and inductive methods , meaning of deductive and inductive method...

meaning of deductive and inductive method.

Explain why it is important to plan the design of a website, QUESTION T...

QUESTION The first stage of e-Government involves the creation of a web presence through websites. Discuss the benefits and challenges of a governmental website and explain why

Money and banking, First, explain the concepts of income, wealth and money ...

First, explain the concepts of income, wealth and money and show how each is related to the other. Next, explain the concept of the monetary base and indicate its economic signific

Efficiency for the mauritian economy, Question 1: By using appropriate ...

Question 1: By using appropriate models critically analyse the following statement: "Money demand for speculative as well as transactional motive is inver

Determine the monopoly price and monopoly quantity, 1. A monopolist faces t...

1. A monopolist faces the industry demand Q=400-0.5 p and has constant marginal costs of 8, with no fixed costs. a) What is the monopoly price? What is the monopoly quantity?

Is unemployment and underemployment a problem, Is unemployment and underemp...

Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality

Abk, sdnflwen

sdnflwen

Entrepreneurship, what do you call an entrepreneur using someone elses idea...

what do you call an entrepreneur using someone elses ideas to start a business

Oligopoly Competion, Any economic models for this title?

Any economic models for this title?

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages