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Economic growth occurs when businesses have the capability to produce more products or provide more services at the same cost since a previous point in time. The catalyst for this growth is delayed consumption, which frees up money to invested in capital, such as labor-saving machinery and R&D. If the capital is a success, businesses become more efficient and thus produce more than before.
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Does economic growth and economic fluctuation occur simultaneously?
Yes
How does taxation contribute to economic growth and development?
It doesn't. Rather, taxation removes capital from the private sector where all economic growth and development occur.
Are there types of economic growth?
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
An economic is a time of fast economic growth?
An economic growth_______ is a time of fast economic growth
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
Does economic growth and economic fluctuation occur simultaneously?
Yes
How does taxation contribute to economic growth and development?
It doesn't. Rather, taxation removes capital from the private sector where all economic growth and development occur.
Are there types of economic growth?
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
similarities of economic growth and development?
economic growth
An economic is a time of fast economic growth?
An economic growth_______ is a time of fast economic growth
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
An economic what is a time of fast economic growth?
boom/growth
What are the stages in economic growth?
note on stages of economic growth
What is a period of economic growth called?
A period of economic growth is an economic boom
The 1990's in the US was a time of?
economic growth
Economic growth of India in 2008?
economic growth of India in 2008
What factor besides the plague delayed the renaissance in Northern Europe?
lack of economic growth lack of economic growth lack of economic growth
