privatization

Q: Why is it that small business is more effective than big business in small or isolated markets?

A: Price advantage: the price of small business products is generally lower than that of large business…

Q: What was the role of trade in the industrial revolution?

A: In General, Industrial Revolution means the shift from labor-intensive production to…

Q: How is capitalism good for restaurants?

A: Capitalism is regularly considered as an economic framework in which private entertainers own and…

Q: djdjdjdj

A: Hello, student, for you to understand the answers provided. I listed below the references for your…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.