Define social capital. Give one example of how social capital is used in development and one example of how it is misused

Q: How can economic development organization reduce the cost, risks, and timelines for a business…

A: Economic development: It refers to the process under which the economy seeks growth with increasing…

Q: Discuss why that nation has a low GDP per capita in the first place, and why the charity is needed.…

A: Country K has a relatively low GDP per capita when compared to many wealthy countries and suffers…

Q: Give me one example of how natural growth might impede one’s social capital.

A: The formation of value as a result of social ties is referred to as social capital in the social…

Q: How can technology increase inequality with the GDP growth?

A: Technology can increase inequality if it leads to increased automation and job loss in sectors that…

Q: Which of the three objectives of development should you meet and apply from the given scenario? In…

A: Here, the Canadian survey founds that most of the Muslims in Ontario have different values and…

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: The view of economic philosophy (economic philosophy) states that development is freedom…

A: Poverty is measured by contrasting a household or family's income with a set poverty edge or least…

Q: Explain how efficiency, equity and liberty affect development. Cite an example which attributed to…

A: Efficiency is related to a firm's or economy's ability to convert resources into goods efficiently,…

Q: Critically evaluate how happiness is related to economic development. Use Macroeconomics and…

A: Development in an economy is crucial as it leads to the social alteration of an economy.  When the…

Q: write on the role of complementarities in the process of economic development?

A: Economic development is the process that aims to improve the quality of one's life not just…

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: 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: advanced co

A: As per the dependency hypothesis, underdevelopment is being principally brought about by the fringe…

Q: definition of economic development, How should it be measured?

A: Economic development- The process of transforming simple and low-income economies into modern…

Q: 2. Why might high levels of inequality lead to lower rates of growth and development? Why might it…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What are output per worker, capital per worker, steady-state capital per effective worker and…

A: A worker is a person who participates in productive activities that contribute to the economy's flow…

Q: What are the advantages of Endogenous growth theories?

A: Endogenous Growth Model Endogenous Growth Model explains that the factors determining economic…

Q: how does endogenous growth theory explain economic growth

A: Neoclassical growth model: - Neoclassical growth model was first given by Robert Solow and Trevor…

Q: Todaro and Smith

A: Person Tis an economist and an expert in the field of development economics.  Person S is an…

Q: What do you understand by the development model of Arthur Lewis?

A: The development mode of Arthur Lewis is known as the "Lewis Model" or "Lewis dual sector model". It…

Q: What immediate consequence does an increase in education have in the endogenous growth model with…

A: Human capital refers to the knowledge, skills, and abilities of a population that can be used to…

Q: List the areas where government policy can help economic growth

A: Government policies are designed, implemented, run for the welfare of society. Their main is to…

Q: Discuss how the original factors of production in global development—population and resources—are…

A: It logically follows that if companies can improve the efficiency of their manufacturing components,…

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: Critically explain with examples how the budget can influence economic growth and development.

A: Answer: Introduction: Budget: budget is a financial statement of all the estimated revenues and…

Q: Does social capital improve economic development? Using the available evidence to support your…

A: Social capital is the mutual trust and other values that individuals in society share and live…

Q: What is Theodore Schults concept of human development?

A: Human development is the process of improving the well-being of humans by increasing their freedom…

Q: Describe the relationship between economic freedom and economic growth.

A: Economic freedom and economic increase are closely related concepts, with monetary freedom being a…

Q: How is inequality related to development? What relationship can be seen among the two variables…

A: Inequality: The inequality can be defined as the situation when individuals do not possess the same…

Q: How does economic growth reduce poverty?

A: Economic Growth : The economic Growth can be defined as an increase in the production of goods and…