Discuss how the present less developed countries differ from the present developed countries during their initial stage of development.

Q: There's quite a diverse set of countries in East Asia that have varying levels of development.…

A: Nature of countries whether Lower , higher or middle income countries are measured by the gross…

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: What has surprised you most about the measurement of economic development?

A: Economists and statisticians employ a variety of ways to track economic progress. The most…

Q: How does the economy grow up without development? – Explain.

A: Economic and social development is the process by which a nation, region, local community, or…

Q: Discuss the economic impact of the global economy in developing countries and list three impacts…

A: The order to combine with the global economy has proven to be a valuable instrument. Countries can…

Q: Explain population growth in More-Developed Versus Less-Developed Countries ?

A: Population growth is an increase in the number of people in a particular period of time. An increase…

Q: In what ways do developing countries depend on rich countries? In what ways is the opposite true?

A: A developed country refers to an industrialized country that has a mature and sophisticated economy…

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: Are capital and finance within the US a significant component of development?

A: Capital and finance are very important for U.S economic development. With greater amount of capital…

Q: What has surprised you most about the measurement of economic development?

A: The United Nations Development Programme's first Human Development Report, issued in 1990,…

Q: Why Economic Development is preferred over Economic Growth. Do you think Developed countries are…

A: Economic Growth is a smaller idea than economic development.It is an expansion in a nation's genuine…

Q: Explain what we mean with economic development and then discuss the relation between GDP/capita and…

A: The macroeconomic concept of economic growth is used to determine the increase in wealth and…

Q: How has the process of economic development been similar in Japan, South Korea, Taiwan, and China…

A: The economic rise of China and also the growing network of trade and investment relations in…

Q: What are the factors that characterize the developing countries. Make a summary on the different…

A: The business environment can be explained as the external surrounding of the business that directly…

Q: Given the diversity of developing countries, do you think that there could ever be a single, unified…

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

Q: According to Todaro & Smith (2020: 541), industrial countries can help developing nations in their…

A: 1. Trade liberalisation Tariffs and other barriers to free trade between countries are removed…

Q: List and briefly describe the principal causes of high population growth in developing countries and…

A: Developing countries are typically countries that have not reached a large degree of…

Q: Explain why Gross national income (GNI) is per capita is not a good measure of development

A: Gross National Income:- The aggregate amount of income generated by a country's population and…

Q: Summarize the different implications of sustainable development in developed and developing…

A: Sustainable development is defined as development that satisfies current demands while not…

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: Name at least three sources of economic development and explain completely that how they lead to…

A: Sources of economic development refers to key agents which leads to increase in development of an…

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: Given the diversity of developing countries, do you think there could ever be a single, unified…

A: The economic development involves the improvement in the number of indicators such as life…

Q: List at least three prominent characteristics of developing countries that are present in the…

A: Introduction- The Philippines is fundamentally viewed as a newly industrialized country, which has…

Q: As we talk about development economics, it is concerned with _____. a. efficient allocation of…

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

Q: In your own opinion, how do you think measuring economic development can empower a country's people.

A: The economic development of a country can be measured in terms of its national per capita income,…

Q: Differentiate between Economic growth and Economic developmen

A: There are many components related to the economy and macroeconomic policies along with the whole…

Q: Why do you think many developing countries like the Philippines were convinced of the necessity of…

A: The concept of economic growth is concerned with only the variables like GDP level, whereas the…

Q: compare and contrast the stages of Economic Development by Renee O’Farrel and Dr. Roger Allen

A: Economic development refers to a rise in the wealth of a nation that give rise to a better standard…

Q: Explain any five characteristics of the developing countries.

A: Developing countries are the ones which have not yet achieved the full development state. These…

Q: What is the “rural push” in the context of urbanization in developing countries and in what way…

A: What is the “rural push” in the context of urbanization in developing countries Answer: In…

Q: Discuss the three core values of economic development.

A: Economic development is the concept that is beyond the measurement of income level only as it…

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: The growth rate of potential GDP is not affected by   a. the growth rate of the labor force.   b.…

A: Potential GDP is the level of output that the economy can produce at a constant inflation rate. It…

Q: how do you think measuring economic development can empower a country's people.

A: Economic growth helps to create higher tax revenue and such revenue is used for different type of…

Q: What is meant by the statement that many developing nations are subject to “dominance, dependence,…

A: A developing country is an economy of a least established economic structure and, compared to other…

Q: Why is economics central to an understanding of the problems of development?

A: The development of an economy is based on the development of the infrastructure, the industries and…

Q: Explain why the manufacturing sector can have higher productivity compared to the Agriculture sector…

A: There are business cycles which have to be known by the business management, public as well as…

Q: Give two factors that affects development of a country and explain its reason.

A: In a country's development, the job of economic factors is conclusive. A load of capital and the…