Q: Which of the following is not an example of economic development? A. Improvement of human…
A: Economic Development : The Economic development can be defined as the quantitative as well as the…
Q: How does family close ties affect economic development?
A: The extended family system is referred to as "close family ties." It's a family system in which…
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: Which of the following is not a requirement for increased growth? a. Capital expenditure b.…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Explain the relationship of ‘innovation’, ‘geography’ and ‘education levels’ relative to the rate of…
A: Innovation means the development of ideas and technologies that help in improving the production of…
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: Give the point of view of Joseph Schumpeter on economic development. Explain the pros and cons.
A: The policies and actions that are being implemented for bringing improvement in quality and…
Q: As explained by the economists, economic development and economic growth are the same. TRUE OR…
A: When comparing one period to the next, economic growth is defined as a rise in the production of…
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: What is the relationship between innovation and economic development? Discuss micro and macro…
A: The economic concepts are somewhere related when it comes to the innovation and economic…
Q: Which is the best example of human capital A.) Roads, bridges and other infrastructure…
A: Human and physical capital are crucial resources for the country's growth and development. Both…
Q: Using the information provided in Table 1 below for the Traditional Human Development Index, answer…
A: Human Development Index (HDI): It is a single index to measures human development by capturing the…
Q: How would Pakistan can achieve the development in the agricultural sector. Enlist and explain…
A: Drivers of development are investment,innovation,technology,capital,entrepereneurship etc. These…
Q: Thomas Robert Malthus believed that population growth would a.put stress on the economts ability…
A: For any economy, agriculture is the most important sector as it provides with the most basic…
Q: Would you expect the relative returns to primary education, on the one hand, and secondary and…
A: In an economy, it can be seen that primary education is mandatory for all people, while higher…
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: The International Property Right Index scores countries based on the legal and political environment…
A: Three countries with high scores as per the International Property Right Index (2019) are: (1)…
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: How is Schumpeter Theory of Economic Development promote businesses to perform better? discuss
A: Schumpeter’s theory of development assigns huge role to the business and innovations introduced by…
Q: What is development policy and policy mix in microeconomics,please give two examples.
A: Macroeconomic policies:- There are three main macroeconomic policies:- 1) Fiscal policy:- Changes…
Q: igure 1.1 is a hypothetical economy producing SUV's and Cars. Economic growth is represented by
A: The production possibilities frontier refers to a graphical representation that shows all of the…
Q: Production and Growth
A: Economic development can be defined both in qualitative and quantitive terms. development depends…
Q: The great 18th-century economist Adam Smith wrote, "Little else is requisite to carry a state to the…
A: Adam Smith states that peace, easy taxes and a tolerable administration of justice are the three…
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: Ving is true about the economic development of an institutional environr onomies that are not highly…
A: The statement which is true about the economic development of an institutional environment is :…
Q: Economic development must be analyzed by the overall social system like cultural traditions,…
A: Economic growth is the rise in an economy's production of goods and services. The rise in capital…
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: What are the phases of economic development? Why is it important to understand the specific steps…
A: Economic development is a series of incremental improvements. The business climate of a country…
Q: the process of economic development, a family is more likely to_________: Question 28 options:…
A: Economic development involves the investment process by individuals. Children of the family,if…
Q: Long-run economic growth can help alleviate the problems of poverty by... a. Requiring…
A: An increase in economic growth corresponds to the rise in the level of goods and services that get…
Q: Which of the following is NOT a reason that people and firms can increase productivity by focusing…
A: Focusing on a few priorities firm will be able to see the results faster. Firms increase…
Q: correlation between culture and development
A: Culture is a way of life practised as a daily routine.
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: Which of the following is the Role of Science and Technology? I. Have the power to better the lives…
A: When talking about the role of science and technology, it can be said that it has a significant…
Q: Why people are the real products of economic development?
A: Economic development involves the rise in real per capita output and income. Its central point is to…
Q: Describe the Lewis Theory of Economic Development comprehensively?
A: ED {Economic development} is a comprehensive concept and it implies progressive changes in the…
Q: Microeconomic development planning explain
A: Generally, economic planning has always been associated with macroeconomics and planning at the…
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: It has been said that ending extreme poverty and achieving genuine development are possible but not…
A: Economic development is the creation of assets that are beneficial for the community. It is more…
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: 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: 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: 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: Using the Venn Diagram, compare and contrast the stages of Economic Development by Renee O’Farrel…
A: During an organisation's growth, even the most well-intentioned firms have times of upheaval. In…
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: 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: Give the point of view of Marx and Engels on economic development. Explain the pros and cons.
A: Capitalism refers to a market system in which capital is owned by private producers.
Q: How would the objective of economic growth through free markets conflict with an objective of social…
A: Economic growth through free markets is based on efficiency i.e. the producers are selling at a…
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