Mr Mahajan To what extent is economic growth a useful measure of economic performance Economic growth is an increase in the capacity of an economy to produce goods and services‚ compared from one period of time to another. It can be measured by gross domestic product (GDP) and this can give us a measure of economic performance. Actual economic growth is an increase in GDP. There are various distinctions used in the context of economic growth such as nominal GDP so the face value and
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economists believe that population growth is related with economic growth. For example‚ the population of some countries growth goes hand in hand with economic growth like China‚ Senegal‚ and United States. Finally‚ polygamy avoids the treason for men who have sexual needs. For example‚ there is men who have strong sexual needs and they cannot be satisfied with one woman. A man may be religious and innocent and wants to satisfy his needs in a lawful manner without committing adultery. No one
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Conflicting Goals in Economic Growth Goals of monetary policy are to "promote maximum employment‚ inflation (stabilizing prices)‚ and economic growth." If economists believe it’s possible to achieve all the goals at once‚ the goals are inconsistent. There are limitations to monetary policy. The term "maximum employment" means that we should try to hold the unemployment rate as low as possible without pushing it below what economists call the natural rate or the full- employment
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The large scale impacts of Tourism include environmental‚ socio-cultural and economic impacts. Impacts can be positive‚ as well as negative‚ but should never be underestimated. The concept of sustainability is factored into these tourism impacts‚ when the size of the impacts become large enough to drastically alter economic‚ socio-cultural and environmental areas of a tourist destination. The importance of these impacts will be analysed and evaluated in this essay‚ keeping in mind that this will
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The Effect of Education on Economic Growth Abstract Education is one of the primary factors of development. Countries can’t achieve economic development without investment in human capital. Vocational training and higher education equip a worker to perform certain jobs or functions .It improves the quality of their lives and leads to social benefits to individuals and society like improving income distribution. Education increase people’s productivity and creativity
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Economic growth and public policy To increase productivity and living standards‚ governments can can: 1. Encourage saving and Investment: Goal: invest more current resources in the production of capital to increase physical capital (K). Trade-off: The opportunity cost of investment is that someone must forgo current : consumption in order to save and invest sumption Note that: because of diminishing returns‚ an increase in the saving rate leads to higher growth of productivity and income only
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he fear is widerspread among environmentalists that free trade increases economic growth and that growth harms the environment. That fear is misplaced. Growth enables governments to tax and to raise resources for a variety of objectives‚ including the atatement of pollution and the general protection of the environment. Without such revenues‚ little can be achieved‚ no matter how pure one’s motives may be. "Marathon runner threatens to pull out of 2008 Olympics fearing Beijing’s air quality"
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COLLEGE OF ENVIRONMENTAL DESIGN CAUSES OF DETERIORATION IN BUILDINGS By Dr.Abdul-Mohsen Al-Hammad OUTLINE INTRODUCTION THE SYSTEMATIC APPROACH FOR THE DIAGNOSIS OF A BUILDING DEFECT CAUSES OF DETERIORATION IN BUILDINGS IN GENERAL DETAILED CAUSES OF DETERIORATIN IN BUILDINGS WITH EXAMPLES COLLEGE OF ENVIRONMENTAL DESIGN INTRODUCTION Proper building maintenance should be considered during: COLLEGE OF ENVIRONMENTAL DESIGN * Planning * Design * Construction‚ and * Maintenance stages
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phenomenon. It is called the mirage effect. The mirage effect can be explained like this: when the air above the ground (or water) is warmer than the actual surface temperature‚ or vice versa‚
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Research Paper No. 1929 Federalism‚ Taxation‚ and Economic Growth John William Hatfield January 2006 RESEARCH PAPER SERIES Federalism‚ Taxation‚ and Economic Growth John William Hat…eld Graduate School of Business Stanford University January 2006 Abstract We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services‚ funded by income and capital taxes‚ are a component of production. In this model a decentralized government
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