It has been said that ending extreme poverty and achieving genuine development are possible but not inevitable and that this gives the study of economic development its moral and intellectual urgency. What is meant by this? Comment and evaluate.

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: Essay. Economic growth is said to be a necessary but not a sufficient condition towards development.…

A: Economic growth is much larger and includes improving the economic, social and political well-being…

Q: Will free trade and perfect competition lead to an equalization of wage rate across countries?…

A: According to price equalization theory, or the Heckscher-Ohlin Samuelson theory, due to the free…

Q: Among the given choices, which of these is not a negative consequence of population growth? a. Poor…

A: Consequesces of population growth:- Incomes, savings, and investment all suffer as a result of a…

Q: How can technology and interventions in development offset the pressures of population growth?

A: Development refers to the growth of the economy of a nation along with socio-economic factors such…

Q: explain the Lewis Theory of Economic Development comprehensively

A: Through maintaining and increasing the main workers of the area, industrial growth tends to shield…

Q: Effective usage of Natural Resources and Technological Change is required for any economic…

A: Economic development is described as the process in which economies having low income are…

Q: Current trends in economic development     are modeled from the 1st industrial revolution   are…

A: With the changing time period, the approach to deal with economic problems and to move towards…

Q: TRUE OR FALSE? The new growth theory emphasized the role of human capital development. The two…

A: When talking about new growth theory, it explains the role of various economic variables that…

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: Can sustainable development removes the gap between the rich and the poor? Cite an example and…

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

Q: It is not possible for a country to experience A. economic growth and economic development…

A: Answer. Option- d  Economic development without economic growth is correct. Economic development is…

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: In what role do you think does savings and investments play in the economy? Explain your answer. In…

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

Q: Which of the following is true about the relationship between foreign aid and economic development?…

A: Answer -   Foregin aid :- It is type of help or grant which has been provided by forging financial…

Q: What is the relative importance of national political trends for economic development?

A: Every government organization and economy nowadays is influenced by long-standing and profound…

Q: Which of the following is an important objectives of economic development? I.       To increase the…

A: Economic Development refers to increase in the standard of living of the individual by increment in…

Q: Identify three public policies that can facilitate economic growth.

A: There are various demand and supply side policies can be adapt to increase growth rate.

Q: Economic growth is advantageous to a nation because it (A) promotes faster population growth. (B)…

A: Scarcity is a problem that exists when there are not enough goods and services available in the…

Q: Human Development approach - is about expanding the richness of human life? Elaborate in detail why…

A: In an economy, government and policymakers use various measures to identify the improvement in…

Q: TRUE OR FALSE: 1. Economic growth and poverty have a strong positive correlation. 2. High-income…

A: 1. Economic growth and poverty have a strong positive correlation.  Economic growth has a trickle…

Q: Policies that prioritise health in development are likely to also translate into:  (a)  No impact…

A: By the efficiency wage argument, we know that workers who are healthy are also more productive. A…

Q: Why should the study of agricultural systems, particularly peasant agriculture, and the rural sector…

A: Economic growth and development, according to civil service economic research, is the process by…

Q: Define development, rural development and Illustrate with examples the concept of rural development…

A: Rural development is critical not just for the number of people who live in rural communities, as…

Q: According to 2019 data, Japan will continue to be the most aged country in the world until 2050.…

A: In Japan, it is said thatthe labor force will decrease by 13 million by 2040.

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: Economic development may not be attained without four wheels of economic growth. briefly comment on…

A: Economic development takes place when all the factors of economy are doing well and the country is…

Q: Discuss how the present less developed countries differ from the present developed countries during…

A: It can be mentioned that when it comes to the case of human resources in the earliest stages of…

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: below shows the cross-country correlation between the development of the education system and the…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

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: The combined GDP of all developing countries constitute approximately; (A) 5% of global GDP. (B) 20%…

A: The rapid growth of developing and emerging countries is leading to a shift in economic power. The…

Q: Because there is not a precise measure for human capital, the World Bank data and most economists in…

A: There is an absence of precise indicator for human capital.

Q: Based on your opinion, what is the Relationship Between Poverty, Inequality and Development

A: Poverty refers to the relative standards of living in a society at a given time.  Inequality refers…

Q: What measure of economic development that is used most often to classify nations as industrially…

A: Real per capita income is one of the major economic development that is used most often by the…

Q: Among the three core values of development, which among them plays the most important role to…

A: The three basic components or core values of development as were described by Amartya sen were…

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

A: Economics brings the significant changes to the structure of the economy, its institutions such as…

Q: What role does population growth play in economic development?

A: Answer: Introduction: Traditionally, economic development is considered the same as economic growth.…

Q: Critically examine how development theorists such as Todaro and Smith (2015) have used the…

A: The institutional approach of economic growth is described by economists as the growth in the…

Q: There are three sets of economic growth through increases in technology. Describe how those three…

A: Economic growth is estimated by an expansion in total national output (GDP), which is characterized…

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: In defining development to include more than just the growth of per capita income, there is an…

A: Economic development means all round improvement of country’s people with focus on skills,…

Q: Provide a detailed introduction to both Economic growth and economic development

A: Economic growth and Economic Development might seem similar but are two different approaches.…