B. Does development improves country's economic and social conditions? Why or Why not? C. Explain how efficiency, equity, and liberty affect development. Cite an example which attributed to the concept.

Q: With the aid of an illustration, discuss Rostow’s Stages of Growth Model of development.  2. Discuss…

A: Rostow's Growth model is considered one of the most viable theories of growth in the field of…

Q: Explain the term economic development and how is economic development measured?

A: As wants and desires of the individuals in the economy are unlimited but resources possessed by an…

Q: Explain the concept of economic development and give the examples

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

Q: Which best describes economic growth? a) increase in labor force participation rate b) a decrease…

A: When real GDP increases for longer time.It best describes economic growth.

Q: Explain how efficiency, equity and liberty affect development. Cite an example which attributed to…

A: Efficiency is related to a firm's or economy's ability to convert resources into goods efficiently,…

Q: progress being ight against poverty Most development economists now seem to agree that the level and…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…

Q: Economic development can only be achieved by economic growth and this depends solely on higher…

A: Although the ideas of economic development and economic growth are distinct, they are sometimes used…

Q: a your opinion, how do theories of economic development guides one country in etermining economic…

A: The economic growth refers to sustained rise in the production of goods and services.

Q: Explain the concept of economic development and describe five can use to drive development, in the…

A: Economic development in an economy happened when there will be economic growth continued for a long…

Q: write about Arthur Lewis's dual-sector model of development, and how this model sheds light on the…

A: Quantity of enterprise depends on certain factors that are important for enterprise. It would…

Q: Does economic growth leads to economic development? How? In what way? Answer by giving an example.

A: Economic Growth refers to increase in output. It is a quantitative aspect. Economic Development…

Q: A key factor that leads to economic growth is?

A: The key factors that leads to an economic growth are human resources, physical capital, natural…

Q: Why is credit considered a key to economic development? Give an example on how credit helps poor…

A:

Q: definition of economic development, How should it be measured?

A: Economic development- The process of transforming simple and low-income economies into modern…

Q: (a) Explain idea of convergence or catching-up effect in detail? (b)How poor countries can sustain…

A: (a)   The economic term convergence refers to the hypothesis that per capital income of the backward…

Q: Most successful examples of modern economic growth have occurred i country with A. exports of…

A: Modern Economic growth development is an expansion in the creation of financial labor and products,…

Q: Economic growth

A: Economic generally agreed that economic development and growth are influenced by four factors:-…

Q: if a country does not have a large endowment of natural resources then they cannot achieve sustained…

A: It is not necessary that country should have large endowment of natural resources,then only it would…

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 does economic growth influence the living standards of people? Does it really make much…

A: According to the economist Robert Lucas, to achieve growth of real income, the growth of real output…

Q: Logically Explain these parts: (a) Explain idea of convergence or catching-up effect in detail?…

A: (a). The idea of convergence or catching-up effect is the hypothesis which says that poorer…

Q: Modernizing values of developed nations, many societies in developing countries suffer from serious…

A: ECONOMIC development means the overall growth of people . As a result, development must be viewed as…

Q: does financial development facilitate the economic growth in a country? Explain 3 ways that…

A: Economic Growth refers to the process through which the economy improves in terms of welfare,…

Q: Critically explain with examples how the budget can influence economic growth and development.

A: Answer: Introduction: Budget: budget is a financial statement of all the estimated revenues and…

Q: How does production and growth are related to each other? Compare and contrast.   no to plagiarism

A: The production of the goods and services would result in the creation of the final value of the…

Q: One of objectives of economic development is human capital development. a.) True b.) False

A: When talking about economic development, it is not only about the core economic aspects like income,…

Q: What important function do institutions serve for economic development? O They assign resources to…

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

Q: hat is the opportunity cost of economic growth? Discuss in detail (thoroughly and carefully).

A: Economics is about counting costs, and the cost to be counted is the “opportunity cost,” which is…

Q: What is Linear stages of growth model, Theories and Patterns of structural change,…

A: The policies or programs that tend to improve the well-being and life quality of the economy for the…

Q: State what is the difference between economic growth and economic development??

A: A rise in the production of products and services in an economy is referred to as economic growth.…

Q: At Which stage of production is the best to economic growth?

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

Q: Why do so many developing countries select such poor development policies and what can be done to…

A: Economic development is one such topic that is often being confused with the topic of economic…

Q: Which economic theory of development os applicable in kenya and why

A: Economic development Economic development is a broader concept than economic growth. Development…

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

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

Q: Natural resources are the decisive ingredient in any country's prospects for economic growth. True…

A: here we state whether the give statement is true or false as given below;

Q: What are the ways in which a government policymaker can try to raise the growth in living  standards…

A: Economic growth means the consistent rise in GdP over per of time in a year . GDP or GNP is the…

Q: t lea

A: The factors being included in the standard for living are : employment opportunities,income, cost of…

Q: A nation can achieve higher economic growth if:   a)the productivity oflabor declines. b)more…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: Explain the impact of entrepreneurship in economic development.

A: ENTREPRENEURSHIP Entrepreneurship refers to a process of setting up an enterprise i.e. business by…

Q: How labor force participation rate effecte Economic development?

A: Economic development is the improvement/increase in the standard of living by increasing the income…

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…

Q: 2. Most development economists now seem to agree that the level and rate of growth of GNI and per…

A: There are many factors that will describe whether an economy is developed or not. Some factors are…

Q: Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your idea

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Is it possible to have economic development without economic growth? Site some scenario if yes, and…

A: Economic growth refers to a sustained rise in the production of goods and services during an…