What are the 2 definitions of economics growth
What are the 2 definitions of economics growth?
Expert
Economics growth has two definitions which are given below:-
1. The increase in real GDP, that occurs over a phase of time.
2. The increase in real GDP per capita, that occurs over a time. This definition is superior if association of living standards is required. For eg: China’s GDP is $744 billion which is compared to Denmark’s $155 billion, but per capita GDP’s are $620 and $29,890 respectively.
Illustrate the Public Sector Government’s Role of providing the legal structure?
My friend can't succeed to get the answer of this question. Give me solution of this question. From a heterodox perspective, why does destructive price competition drive enterprises to set up market institutions which would abolish price competition?
Opportunity Cost:Whenever you select a particular alternative, the next best alternative should be given up. For illustration, when you desire to watch cricket highlights in T.V., you should
Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?
Illustrate and clarify the economizing problem?
According to the equivalent share criterion of the distribution, individuals must: (1) Share income according to personal requirement. (b) All make equivalent shares of output. (3) Each consists of incomes equivalent to their productive output. (4) Re
Illustrate Market Equilibrium of Supply and Demand?
For rapid growth of world trade what are the factors of account since the Second World War?
Writ short note on the Income of personal distribution?
What problem does barter entail?
18,76,764
1935005 Asked
3,689
Active Tutors
1430176
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!