What is the relevance of productive and allocative efficiency to the growth process?

Q: How can economic development organization reduce the cost, risks, and timelines for a business…

A: Economic development: It refers to the process under which the economy seeks growth with increasing…

Q: Give me one example of how natural growth might impede one’s social capital.

A: The formation of value as a result of social ties is referred to as social capital in the social…

Q: What is the relationship between the supply of savings and the demand for capital investment for…

A: The economic science see the study of allocation of scarce resources within the most optimum method,…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: explains the relationship between the supply of savings and the demand for capital investment for…

A: Economic development is driven by improvements in the production of commodities and services in…

Q: What do you understand as the most important difference between economic growth and economic…

A: Answer to the question is as follows :

Q: What are the seven economic growth​ facts?

A:

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 is Malthusian theory of population growth and what are its limitations?

A: The theory of population as given by Malthus would result in the explaining the reason behind the…

Q: Why are institutoins the key to economic growth?

A: An institution is nothing but an organization that is working in an economy for a religious,…

Q: Why do Urban populations are capital accumulating whereas rural populations are capital consuming?

A: There are business cycles which have to be known by the business groups all around the world.…