Economic growth refers to steady physical increase in country's production capacity identifiable with a country increase in the productivity of goods and services while economic development refers to increase of per capita income associated with improvement in indicators of quality life such as adult literacy, infant mortality and life expectancy.
Jonmhumble answered the question on October 23, 2017 at 20:56
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Differentiate between actual economic growth and potential economic growth
(Solved)
Differentiate between actual economic growth and potential economic growth.
Date posted:
October 23, 2017
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Answers (1)
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State the properties of profit function
(Solved)
State the properties of profit function
Date posted:
October 23, 2017
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Answers (1)
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State the properties of expenditure functions
(Solved)
State the properties of expenditure functions
Date posted:
October 23, 2017
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Answers (1)
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State the properties of the indirect utility function
(Solved)
State the properties of the indirect utility function
Date posted:
October 23, 2017
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State and explain types of operation research tools
(Solved)
State and explain types of operation research tools
Date posted:
October 23, 2017
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Answers (1)
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Outline limitations of operation research
(Solved)
Required to provide five limitations.
Date posted:
October 23, 2017
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Outline the benefits of operation research
(Solved)
Outline the benefits of operation research
Date posted:
October 23, 2017
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Answers (1)
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What are the assumptions under ordinalist utility approach in economics?
(Solved)
What are the assumptions under ordinalist utility approach in economics?
Date posted:
October 22, 2017
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State and explain factors influencing price elasticity of demand
(Solved)
State and explain factors influencing price elasticity of demand.
Date posted:
October 22, 2017
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State and explain types of income elasticity of demand
(Solved)
State and explain types of income elasticity of demand.
Date posted:
October 22, 2017
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Explain the importance of planning in an organization
(Solved)
Explain the importance of planning in an organization.
Date posted:
October 22, 2017
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Answers (1)
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State and explain characteristics of monopoly type of market
(Solved)
State and explain characteristics of monopoly type of market.
Date posted:
October 22, 2017
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Answers (1)
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Outline advantages of free enterprise economic system
(Solved)
Outline advantages of free enterprise economic system.
Date posted:
October 22, 2017
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Outline the characteristics of centrally planned economic system
(Solved)
Outline the characteristics of centrally planned economic system.
Date posted:
October 22, 2017
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Outline the challenges of young population.
(Solved)
Outline the challenges of young population.
Date posted:
October 21, 2017
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Outline the problems associated with output approach as a way of measuring national income
(Solved)
Outline the problems associated with output approach as a way of measuring national income
Date posted:
October 21, 2017
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Answers (1)
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What are the sources of monopoly power?
(Solved)
What are the sources of monopoly power?
Date posted:
October 21, 2017
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Answers (1)
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State and explain the factors that causes changes in interest rates in an economy?
(Solved)
State and explain the factors that causes changes in interest rates in an economy?
Date posted:
October 20, 2017
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Answers (1)
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State and explain the process of human resource planning
(Solved)
State and explain the process of human resource planning
Date posted:
October 20, 2017
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Answers (1)
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Outline the characteristics of human resource management
(Solved)
Outline the characteristics of human resource management
Date posted:
October 20, 2017
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Answers (1)