sources researchers use to estimate historical standards of living and explain what they can infer from these sources. List three indicators of economic development other than National Income measures (NI‚ GDP‚ or GNP‚ level‚ growth rate‚ or per capita) that are of interest to economists and explain what can be inferred from each of these indicators. Explain in detail 3 weaknesses of per capita GNP (or GDP) as a measure of economic well-being. Although this measure has the flaws you just listed (and others)
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ECONOMIC GROWTH AND DEVELOPMENT Introduction Economies grow and develop‚ they expand and advance‚ and they progress and prosper. There are phases when they decline too‚ and there are economies that experience continuous decay. If one considers long stretches of human history‚ one knows that economies (civilizations) disappeared altogether. We will not take into account such long stretches of time. We shall not consider too distant a past either. We will leave them to historians‚ may be‚ economic
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of the art image- What makes art therapy unique? Although visual expression has been used for healing throughout history‚ art therapy did not emerge as a distinct profession until the 1940s. Given its short history‚ “art therapy” exists as a term that describes a collection of diverse practices held together by a belief in the healing value of art making. (American Art Therapy Association [AATA]‚ 2010) Though art making itself is inheritably therapeutic‚ it is the creation of an art object
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How Art Effects Child Development Heather Swanson Course/ENG 101 April 17‚ 2013 Bryan Dunston Art is a very important tool for children in building many skills they will need to be successful and reach certain developmental milestones as they grow and mature. Thinking back‚ I remember the first time I took an art class. It is where my interest for art was nurtured and developed‚ and I loved getting to get messy with finger paints and learning how to mix my own colors. Of course‚ at the
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Five year Plans for Economic Development After the 6.25 war‚ most of all production institution was in ruin condition‚ so the South Korea economic had to start off with a clean state. In 1950s‚ Korea could survive based on U.S.A’s support‚ but when the international balance of payments and the budget deficit expanded‚ U.S.A had to announce to Korea that they will reduce the amounts of the support. For this reason‚ the president of South Korea‚ Park Jung Hee‚ who seized the power through staging
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American Civil War until the end of Reconstruction‚ the United States of America went through what many believe was a revolution. During this time many constitutional and social developments brought about drastic change in the country. Some constitutional developments that caused conflict were the Emancipation Proclamation‚ three civil rights bills‚ and the reconstruction‚ never the less some social developments which could potentially lead to a revolution were the Freedmen’s Bureau‚ the Black Codes‚
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which had played an integral role in Russia’s development. For both the commissar’s and Tsars these wars had highlighted the economic stagnation prior to the war‚ which allowed a modern Russia to develop that was stimulated by a change from agriculture to industry. However‚ the role of the reforming leaders and popular pressure also played a part in this economic change. Russia’s preparation for World War 2 was significant in bringing about economic change through the use of Stalin’s Five year plans
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EXPLANATIONS OF THE ECONOMIC SUCCESS OF EAST ASIA NATIONS: Introduction The economic success of the East Asian countries has inspired many economists to study the background of their rapid growth. Interestingly‚ different economists interpret this success in entirely different ways. During the 1970s and an important part of the 1980s advocates of the neoclassical model argued that growth in East Asia was the result mainly of the market mechanism and the emphasis on export promotion in these
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Importance of Small Business according to economic condition of Pakistan In today’s modern world Information Technology and Globalization have changed the way of business in the 21st century. As the developing nations and developed nations compete for greater market share in the global market Pakistan too must act up so as not to fall behind nations such as China‚ India and Brazil. Being an agricultural country‚ Small and Medium size (SME) firms play a vital role for earning foreign exchange‚ employment
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Revolution. After this second Industrial Revolution‚ the industrial of the America got unprecedented development‚ such as the productivity. Productivity as one of the most important element of a country. It laid the foundation for the economic development of a country. Before the second Industrial Revolution‚ the American people used to focus on light textile industry as the main industry development. However‚ the American people transed their focus from light textile industry to heavy industry
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