Do you believe the global village concept has been realized? If you do, why? If you don’t, given the nature of developments in the world today, do you have an idea of when we might see the fruition of the global village concept?

Q: What are the meanings of ‘Economic growth’ and ‘Economic development’? What ‘Economic development’…

A: Economic growth, defined as an increase in people's real income, indicates that the ratio between…

Q: Why is the world growing so rapidly?

A: A distinct group of individuals belonging to a certain group or nation is referred to as a…

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: Climate differences affect the economic development of countries.  For example, undeveloped…

A:

Q: Discuss two measures of sustainable development

A: Sustainable development refers to the development that occurs by using the resources in such a way…

Q: List and discuss three specific policies for achieving sustainable development. Do these policies…

A: Sustainable development is a getting sorted out standard for meeting human improvement objectives…

Q: What are the components of economic growth? How does PPF is used to depict the economic growth of a…

A: Economic growth portrays an expansion in the amount and nature of the economic labor and products…

Q: How could sustainable urban development contribute to economic progress?

A: Urban development refers to the development of public infrastructure for education, health, law…

Q: The emergence of Covid-19 should affect developing countries more adversely than technically…

A: A normative statement is a statement that stresses an opinion or belief that is not based on facts…

Q: According to Steger, the nation-state lost its role as a meaningful unit of participation in the…

A: The job of the country state in a worldwide world is generally an administrative one as the main…

Q: What is Development Planning? Why is there a need for economic development planning?

A: The creation of wealth from which the benefits of the community are being realized is known as…

Q: onomic gro

A: Sustainable economic growth implies a rate of growth which could be maintained without creation of…

Q: Draw a production possibilities frontier for a country that produces two goods: capital goods and…

A: (PPF) Frontier of Production Possibilities The production possibility frontier is a graphical…

Q: What is the format of Sustainable Economic Development Plan?

A: Development: It refers to the process of changing or altering and moving towards the path of…

Q: What are four public policies that can facilitate economic growth in a economy?

A: Using public policy wisely helps to increase the economic growth of a country.

Q: Economic growth typically results in rising standards of living and prosperity. However,  it also…

A: The model's dependent variables are regulations like approachable and inaccessible locations,…

Q: where do we stand in the life cycles of civilizations? Please explain. what direction in the life…

A: (A) Many civilizations lasted around 250 years. approx 10 generations and so on, and all…

Q: 1.1 | Choose the correct concept/ term from COLUMN B that match the statements/ descriptions in…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: What do you think is the importance of innovation in the economic development of a country?

A: The nations around the world tend to operate with the motive of increasing their economic, and…

Q: Why do many people feel that local self-sufficiency is important? What consequences of globalization…

A: Globalization refers to the interdependence of the countries on each other for specific goods,…

Q: Expand on two measures of sustainable development

A: Sustainability is crucial for various reasons, including the following: Environmental Quality - We…

Q: Why should people participate in Model UN and what can be gained from the experience?

A: A Model United Nations (MUN) is a simulation of a real United Nations convention in which students…

Q: Are capital and finance within the US a significant component of development?

A: Capital and finance are very important for U.S economic development. With greater amount of capital…

Q: Why are people called as the real products of development?

A: Economic growth is a notion that reflects on the aggregate economic aspect of a specific nation and…

Q: Evaluate critically the following statement: “the developed countries have all shown a significant…

A: The statement that "the development of a solid university system should be many of the major…

Q: why the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson

A: The Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson for their work on…

Q: Discuss ways of achieving sustainable development in large under-developed economies such as India…

A: There are many ways by which the country can achieve the sustainable development . some of the ways…

Q: How sustainable development is depend on socio economic development?

A: Sustainable development means striking a balance between meeting the human needs of development and…

Q: Consider an economy with a large agricultural sector. A long period of drought hits the country.…

A: Capital can be occupationally mobile if it can be used for more than one purpose. For example…

Q: Is economic development a branch of economics? Yes or no? Explain your answer.

A: The process of creation of wealth for the benefit of a society is known as economic development.…

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: Graphically explain the economy’s production possibility curve in terms of economic growth.

A: (Q) Graphically explain the economy’s production possibility curve in terms of economic growth.

Q: Explain two measures of sustainable development.

A: Sustainable Development refers to the development of economy by using the resources in such a way…

Q: What do you understand as the most important difference between economic growth and economic…

A: Answer to the question is as follows :

Q: Should America help support countries with weaker economies in hard times? Consider how the global…

A: Helping and supporting weaker economies will be a social action initiated by such large economy.…

Q: Name at least three sources of economic development and explain completely that how they lead to…

A: Sources of economic development refers to key agents which leads to increase in development of an…

Q: Countries that are at the technological frontier must __________ to increase living standards and…

A: Countries that develop new technologies are placed at the top of technological frontier.

Q: outline the steps used by a development planner to design a plan for Upper east region using a…

A: The "Growth Pole Strategy" was first developed in 1955 by François Perroux who was an economist from…

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…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.