Explain the benefits or cost of economic growth and How to achieve growth?.

Q: Is there any difference between the economic growth and economic prosperity.

A: Economic growth is the rise in an economy's output of goods and services over a given time period,…

Q: What are at least nine determinants of economic growth.   Discuss at least two of them in detail.

A: Economic growth implies an increase in the natural level of output, which is the long run output of…

Q: Why does economic growth matters? How do resource and technology contribute to economic growth? What…

A: Economic growth is basically  the growth in the real Gross Domestic Product(GDP) of a country. this…

Q: What is productivity and why is it an important determinant of economic growth?

A: In economics, the economic growth of an economy depends upon various determinants and productivity…

Q: hat is the ideal number of growth for GDP, unemployment, and inflation?

A: Answer of the solution is given according to the current scenerio.

Q: Explain the difference between property rights and contractual rights. Why do they matter to…

A: Property rights are associated with the individuals and firms for owning and using the…

Q: What are the benefits of economic growth on the economy?

A: Economic growth means an increase in the real gross domestic product of the economy. This means…

Q: In the long run, what will be the source of a country’s economic growth? a. Labor laws b. Labor…

A: Long run in the sense, there would be no fixed costs and only variable costs would be there.

Q: Explain three polices that facilitate economic growth?

A: Economic growth refers to an increase in the market value of goods and services over a period of…

Q: living standards and growth rates

A: The core material components of the standard of living, such as income, gross domestic product…

Q: How sustainable is economic growth?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Which of the following is not a source of economic growth? A. appropriate incentive system B.…

A: Financial development or economic growth- estimated as an increment of individuals' genuine pay -…

Q: Explain the innovation p

A: Innovation means an overall change or improvement in manufacturing technique, quality of product or…

Q: Look around you and try to identify ten (10) objects/items that you may consider as evidences of…

A: Economics deals with the effective allocation of scarce resources to satisfy the unlimited wants of…

Q: difference between economic development and economic growth?

A: Meaning of Economic Development: The term economic development refers to the situation under which…

Q: What is the essence of economic growth and how does it affect your every day life? Give an example.

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…

Q: By giving examples, explain the steps on how a government should chart the path towards sustainable…

A: The economy that entails markets providing incentives in order to reuse products instead of…

Q: What is the dynamic entrepreneurship and what are the dynamic entrepreneur’s roles in economic…

A: Entrepreneurship is the activity in which a person or number of people set up a business by taking…

Q: Explain why economic growth leads to lower death rates and better health?

A: Economic growth is positively related to HDI index which is a measure of health, education and…

Q: According to Malthus, how does economic growth and population relate to each other?

A: Economic growth models are designed to show how growth in capital stock, increase in the labour…

Q: How does government affect economic growth? What are some examples of the good government and bad…

A: Government works for the welfare of the nation. Government with its fiscal  policy try to attain…

Q: explain what factors help sustain economic growth in an economy.

A: Sustaining economic growth is a fundamental goal for any nation seeking to improve living standards…

Q: All of the countries that grant considerable economic freedom have experienced positive rates of…

A: The Economic Freedom of the World index indicates that Economic freedom is the fundamental right of…

Q: Discuss how money contributes to economic growth and\or development? Explain in detail.

A: Answer to the question is as follows:

Q: What impact does economic growth have on the cost of living?

A: Economic growth generally refers to an increase in the production of goods and services from one…

Q: Does social mobility boost economic growth?

A: Social Mobility : The social mobility can be explained as the movement of individuals, families,…

Q: What are three policies governments can use to promote economic growth? And how effective would they…

A: Economic growth refers to the increase in the output generated by the means of increase in the…

Q: Are the two terms economic growth and economic development similar? Explain.

A: No, the two-term economic growth and economic development are not similar. 1-Definition Economic…

Q: What are examples of economic growth?

A: Economic growth is defined as an increase in a nation's production of goods and services.   The…

Q: how smart growth is making cities more sustainable.

A: Macroeconomics is a branch of economics which is important for a country. Aggregate demand and…

Q: How to calculate Average annual growth rate of real GDP per worker, Real GDP per person, Real GDP…

A: The real GDP per capita is calculated by dividing the actual GDP by way of the overall…

Q: Explain how the economic principles guides economic growth and productivity?

A: According to the given question Simply we can say that economic growth actually refer to a rise in…

Q: What are the three main sources for economic growth in any economy?

A: Economic growth is an increase in aggregate production in the economy. It is measured by computing…

Q: What will be the contribution of women to economic growth? Expand your answer.

A: Given its much-vaunted emergent development status in recent years, the Indian economy continues…