developed country A developed country‚ industrialized country‚ or "more developed country" (MDC)‚ is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly‚ the criteria for evaluating the degree of economic development are gross domestic product (GDP)‚ the per capita income‚ level of industrialization‚ amount of widespread infrastructure and general standard of living.[1] Which criteria are to
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ECONOMIC DEVELOPMENT IN INDIA: THE ROLE OF INDIVIDUAL ENTERPRISE (AND ENTREPRENEURIAL SPIRIT) Anil K. Lal* and Ronald W. Clement** The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial
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ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of
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Why has there been a growth in gaming? The gaming industry has been growing massively over the last 20 years. Last year the gaming industry was worth £4.65billion‚ a rise in 2.7% from the previous year. These games are used for entertainment value and can be played anywhere with internet access. The gaming industry has even overtaken the music industry. This piece will describe exactly why there’s been a growth in gaming‚ including: free games‚ decline in other pastimes‚ Easy to play for generations
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This essay is an attempt to compare the modernization and radical approaches to development and deciding which approach of the two offers a plausible explanation to what is prevailing in LDCs like Zambia. It will start by defining the major concepts which are development‚ modernization and radical approach‚ and then it shall proceed to make a full analysis of the two approaches respectively. The advantages and criticism will be given specifically for the two approaches‚ and it shall evaluate which
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Understand the purpose and requirements of the areas of learning and development in the relevant early years framework 1.1. Explain each of the areas of learning and development and how these are interdependent. Personal‚ social and Emotional Development Children must be provided with experiences and support which will help them to develop a positive sense of themselves and of others; respect for others; social skills; and a positive disposition to learn. Providers must ensure support for children’s
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Module 1 Study Guide Chapter 1 • Know the four basic steps of the interpretive journey. • Know the order of these four basic steps. Why is order important in following the interpretive journey? • What is a theological principle? Does it apply only to modern readers‚ or did theological principles apply to the original recipients of Scripture as well? • What are some of the barriers that constitute the "river" distancing readers of the Bible from an accurate understanding of
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characteristics of Economic Development A country or a society’s economic development is usually associated with rising incomes and related increases in consumption‚ savings‚ and investment. Surely‚ there is far more to economic development than income growth; for if income distribution is profoundly swerved‚ growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic development? Low
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creativity‚ moment of inspiration‚ the why when and how of certain opportunity recognition. According to Schumpeter “the role of entrepreneurship is implicit as an underlying cause of innovation. However‚ innovation is not solely the domain of entrepreneurs” - The idea of Entrepreneurship somewhat relies on the effective means of innovation. The concept of innovation allows the development of new ideas‚ inventions and their making come to pass. Economic development undertakes the adoption of new market
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Why was there economic prosperity in American in the 1920’s? I know that America on it’s surface was prosperous during the 1920’s. I know this because of the physical signs‚ and the evidence I have found supporting this concept. Some of the physical signs of the then prosperity are evident today‚ like the skyscrapers and Empire State building. There were the inventions of manufactured fabrics and materials such as Bakelite‚ artificial silk and Cellophane. Airlines carried almost half a million
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