Use either of the theories of Meier or Seers to explain what characteristics you expect to see in an economy which has achieved economic development. Give specific examples from the commonwealth of dominica of the indicators which show progress towards economic development

Q: Descibe differences between economic growth and economic development

A: Definition of Economic growth Economic growth is described as an increase in the monetary value of…

Q: What are the meanings of ‘Economic growth’ and ‘Economic development’? What ‘Economic development’…

A: Economic growth, defined as an increase in people's real income, indicates that the ratio between…

Q: Explain the role of human capital in economic development

A: According to the given question Human capital in economics is defined basically as an human resource…

Q: List and discuss three specific policies for achieving sustainable development. Do these policies…

A: Sustainable development is a getting sorted out standard for meeting human improvement objectives…

Q: Does economic growth mean economic development? Discuss

A: In economics, economic growth is defined as the increase in the goods and services produced in an…

Q: How could sustainable development contribute to economic progress? examine the literature and cite…

A: Sustainable development: Sustainable development is an economic concept that states that resources…

Q: Relate population growth and age structure to the level of economic development in different…

A: Population growth is a surge in total population in an economy. Age structure is known as the…

Q: As explained by the economists, economic development and economic growth are the same. TRUE OR…

A: When comparing one period to the next, economic growth is defined as a rise in the production of…

Q: True or false Technological advancements is necessary for the economic growth in a country.

A: An economy is said to be experiencing economic growth when its output of goods and services rises…

Q: EXPLAIN the process (or model) of development that China followed. Include examples of other…

A: The development model of China is an alternative to the free market-based approach of the Western…

Q: How poor countries can sustain high growth and development? Explain in detail.

A: Economic growth is considered to be the increase in GDP and higher productivity and economic…

Q: Development economics must have a scope wider than economic growth because a) increase of income is…

A: Economic growth refers to the increase in the finances within the economy due to improvement in…

Q: Disscuss three public policies that the government can implement to increase the growth factors. Use…

A: Public policies refer to the policies or the various instruments used by the central authority or…

Q: Production and Growth

A: Economic development can be defined both in qualitative and quantitive terms.  development depends…

Q: List THREE public policies that can facilitate economic growth in a Caribbean economy.  Use at…

A: Answer - Caribbean Economy - It is the series of island .The economy of these island depend on…

Q: Why is a strictly economic definition of development inadequate? What do you understand economic…

A: The Economic Growth says that the more the actual GDP is production or more. Economic growth is…

Q: Explain the differences and similarities between economic growth and economic development

A: The economy is the combination of mainly three activities such as manufacturing, distribution, and…

Q: Critically analyse how happiness is related to economic development

A: The process through which a country's economy expands and strengthens over time with the aim of…

Q: Differentiate between “economic growth” and “economic development

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Meier recognizes these as secondary goals for achieving economic development: Select one: a. An…

A: Primary goals of economic development are those goals which occur in a direct and instantaneous way…

Q: Define the following: i) Economics development and technology have a direct relation. ii) How…

A: Economic development is the process through which primitive, low-income countries' economies are…

Q: Why is a strictly economic definition of development inadequate? What do you understand economic…

A: A strictly economic definition of development is considered inadequate because it fails to capture…

Q: Compare the concept of economic growth and economic development and show the link between them

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Discuss the importance of technology and capital formation (investments) to economic growth and…

A: Consumers can buy further products and services as a result of economic prosperity, and their living…

Q: It has been said that ending extreme poverty and achieving genuine development are possible but not…

A: Economic development is the creation of assets that are beneficial for the community. It is more…

Q: In many developing nations, young women have lower enrollment rates in secondary school than do…

A: Human capital refers to the knowledge, skill and productivity of the labor force that can be obtain…

Q: Discuss three policies the government can implement in order to increase the growth factors in their…

A: Government policies to extend economic process are focused on trying to extend aggregate demand…

Q: What models exist for countries to achieve economic growth based on international trade? How these…

A: Economic growth is the increase in the growth of the GDP of the economy. Trade is the exchange of…

Q: Discuss three policies governments can use to promote economic growth

A: Government can adopt various techniques to promote economic growth.

Q: Why is a strictly economic definition of development inadequate?  What do you understand economic…

A: Traditionally, GDP is used to determine the development of the economy. However, it does not reflect…