analyses the economic growth in France and Indonesia over the period of 30 years whilst exploiting similarities and differences in data and theory of the two economies. Firstly the demographics of both France and Indonesia are analysed to introduce the two countries in a bit more depth to the reader. This will be followed by four key concepts‚ out of ten possibilities presented by Schramm (2011)‚ carefully chosen to develop similarities and differences relative to economic growth between the two
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Economics 515 AU11 Midterm 1 Review 1. Explain the difference between economic growth and economic development. Define extensive growth. Define intensive growth A) Economic growth is defined by increases in GDP. B) Whereas‚ economic development is more of a vague measure usually incorporating social measures such as literacy rates or life expectancy as a means of measuring a country ’s level of development. C) Extensive Growth‚ is based on the expansion of the quantity
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In 1600s‚ some Pilgrims and Puritans left from Britain for the New World. They established the first colonies in North Americas. At that time‚ they were under the control of the British government. However‚ less than one century‚ the United States became a strong and powerful country: its territory was expanded; its economic condition was increased; its spirit was created. What led to this transformation from 1770s to 1850s? A lot of essential events took place in the 1770s‚ such as the Boston Massacre
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Slavery had always had its critics in America‚ so as the slave trade grew‚ so did the opposition. The slave labor enabled the colonies to become so profitable‚ that in 1660 England’s King Charles the second established the royal African company to transport humans from Africa to America. When England finally outlawed its slave trade in 1807‚ America relied on its own internal slave trade. By 1860‚ millions of slaves were still moved and sold in the colonies‚ but no new slaves were imported into the
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Economic growth From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2011) GDP real growth rates‚ 1990–1998 and 1990–2006‚ in selected countries. Rate of change of Gross domestic product‚ world and OECD‚ since 1961 Economic growth caused the production-possibility frontier to shift outward. Economic growth
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distribution of valued goods and opportunities in a society. Over the past two decades‚ there has been an increase in economic inequality in the United States. Four major reasons for this increase is the changing relationship between technological expansion and education‚ deindustrialization and restructuring‚ government policies‚ and decline of unions. Technology in the United States has advanced immensely since the 1970s. This has led to peoples jobs being replaced by technology‚ for example bank
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Philip H. 2-1 Countries during the era of the 1860s realized that being an independent country would not be beneficial to them‚ the major one within this timeline‚ the colonies in Canada. The colonies in what would become Canada would be pressured by issues from places within itself and foreign places for multiple reasons. First of all‚ the parties for politics were equal in size and power making them be able to block every move of the opposing parties‚ making movement within the political world
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Economic Inequality There can be different views on what people think about the subject of economic inequality. Some people think it definitely exists in this country and it is unfair. There are also people who think that there are inequalities and that is not something to be alarmed about. They think that it’s an exaggerated notion. What is economic inequality? It is when different people have different levels of income or wealth in a society. Now you may not think there is a problem
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In The United States there were a lot of problems among marketers‚ economics. In order to help them‚ he decreased the income taxes and Woodrow gave them materials to go into a big business‚ and said words about free market. It is obvious that‚ he gave these opportunities in order to improve economical system of The United States. Moreover‚ the Federal Reserve System and the Federal Trade Commission were established a new system with the aim of supporting banking and finance. The underwood Tariff
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The urban population boom from 1860-1900‚ it marked a dramatic shift in the United States from its traditional rural‚ to the new city lifestyle. The accepted fourteen million immigrants flooded in‚ ranging in all variations of ethnic backgrounds. From the English to the Russians‚ and all those in between‚ the many immigrants sought to escape problems ranging from poverty‚ warfare‚ political and religious persecution and natural disasters that plagued their homeland. With the arrival of the newcomers
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