What is the role of education and training in the pursuit of economic prosperity?

Q: What are the important factors of Economic Development?

A: There are mainly eight important factors of economic development.

Q: Ways to boost productivity?

A: Following are the ways to boost productivity:- 1. By improving employee engagement. 2. By…

Q: What is the difference between a development goal from sustainable development goal?

A: The UN Millennium Development Goals (MDGs) are 8 goals that its member states have agreed to achieve…

Q: Why is productivity important for the economy?

A: Productivity refers to the ratio of quantity of output to quantity of inputs. It describes how…

Q: How can Theory of Economic Development promote businesses to perform better?

A: Economic development: It refers to the strategies that deal with the development process of the…

Q: Why will the U.S. population grow faster than othermore developed countries?

A: The population of the United States is expanding at the same rate as, if not faster than, that of…

Q: Can economic growth and productivity align with our core values?

A: Economic growth and productivity are very important for the development of an economy. Core values…

Q: What does it mean if a country has a traditional economic system?

A: If a country has a traditional economic system then it means the economy of a country relies upon…

Q: What is the role of science and technology in development?

A: Economic development refers to the fundamental changes in the structure of both society and the…

Q: Give one business organizations  and state how it contributes to Socio-economic development?

A: Socio-economic development: It is the interaction by which a country works on the financial,…

Q: Does productivity has direct influence on a nation's living standards?

A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…

Q: Why is the economy a significant driver of development? How does this happen?

A: The economy consists of the combination of all the activities that take place in a country, for…

Q: ways to boost productivity?

A: Productivity refers to the ratio of output produced from using a unit of input. In other words, it…

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: What are economic institutions, and how do they shape problems of underdevelopment and prospects for…

A: The production, distribution, exchange, and consumption of products and services are all organised…

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a…

A: When a product gets underway for the production process, cost  takes place for producing that…

Q: What are the main components of the quality of life in the economic

A: According to the given question The quality of the life in economy is considered as the high degree…

Q: Provide details on human development?

A: Human development is the process of enhancing people's choices, including those related to…

Q: What is economic development? How should it be measured?

A: The two or more economies can be compared with each other to know which economy is better in terms…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: What is the basic economic problem that all persons, businesses, and countries face?

A: All social orders deal with the monetary issue of shortage, which is the issue of how to utilize…

Q: To achieve the country’s economic growth and development, what are some activities and programs by…

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…

Q: How can growth and development affect the country’s economy?

A: Economic growth is defined as a rise in the market value of goods and services generated in the…

Q: What are the major government policies play in effective role in the growth and development of a…

A: Government is very much responsible for economic growth or development of a country. foreign…

Q: correlation between culture and development

A: Culture is a way of life practised as a daily routine.

Q: Is education a key to economic development? Why?

A: Economic development is the method of making wealth for the advantage of the community. It's over a…

Q: What is distinctive about low-income economies?

A: The global bank divides economies into three groups based on their GNI for operational and…

Q: How does poverty and inequality affect the development of a country?

A: Poverty:- Poverty is defined as a lack of sufficient funds to cover fundamental requirements such as…

Q: How does conflict, controveries and opportunities affect the economic development.

A: The social compact falls broken when the economy stagnates or declines, and governmental services…

Q: what is economic development and economic growth?

A: Economic development and economic growth are used interchangeably, but both terms are different in…

Q: How does poverty and economy affect the development of a country?

A: Economic growth is outlined as a rise or improvement within the inflation-adjusted value of…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…

Q: List 2 countries from each category; least developed and developing countries and compare and…

A: A domain in which items and services are produced, distributed, traded, and consumed by diverse…

Q: What are some of the difficulties associated with the establishment of market economies in…

A: In a market economy, economic variables are determined by the market forces( of demand and supply).…

Q: What do you think is your role to economic development? (as entrepreneurs)

A: The role of entrepreneurs and entrepreneurship in the growth and prosperity of a nation cannot be…

Q: In which economy is GDP per capita higher in steady state? Economy A Economy B O Not enough…

A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…

Q: Evaluate how South Africans are using their indigenous knowledge to achieve economic development

A: Answer: The South Africans have used the following methods to achieve economic development in their…

Q: Do you think that business practices in an Islamic country are likely to differ from business…

A: Yes, business practises in an Islamic country will most likely differ from those in the United…