Difference between Economic Growth and Economic Development :- Economic Growth is an issue considered by economically developed countries which have utilized many of their resources and now plan to expand even further by growth. It is a narrower concept than Economic Development as it focuses on the further increase of the national output of a country by increasing the quality of resources‚ the quantity produced and increasing utilization by every sector of the economy. We can also say it is defined
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Which were the more typical of 1920s of America: Prohibition and intolerance or the Jazz Age and increasing social freedom? The 1920’s were seen as a prosperous time for America‚ judging by the increasing economic strength‚ the development of new industries and new methods of production and‚ by the time of rebellion and liberation that came with it. The 1920’s are often reffered to as the ‘Roaring Twenties’ or the Jazz Age‚ a period of great fun and enjoyment. However‚ not everyone agreed with
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Economic growth has been used with other terms such as development‚ modernization‚ westernization and industrialization. It is‚ in other words‚ a transition from a simple‚ low-income economy to a modern‚ high- income economy. Its scope includes the process and policies by which a nation improves the economic‚ political‚ and social well-being of its people. Though it is often measured by rate of change of gross domestic product‚ it is generally understood in terms of increase in per capita income
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1. Exercise 2: Poverty trends Update the Table 1 of “Halving global poverty”. Download from the World Development Indicators database the following data: * Poverty headcount ratio at $1.25 a day (PPP) (% of population) * Population‚ total For the main geographic areas of Table 1‚ and since 1990 2. Calculate the number of poor Geographic Region (developing) | 1990 | 1993 | 1996 | 1999 | 2002 | 2005 | 2008 | Europe & Central Asia | 7‚482‚812 |
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was an attempt to create a new Southern society and heal the terrible wounds between the North and South. The three main goals of the Reconstruction were to "protect the rights of the freed slaves‚ rebuild the South ’s devastated economy‚ and enforce the loyalty of the ex-confederates . In spite of tremendous efforts‚ the Reconstruction Period failed to completely accomplish any of the three goals‚ but it was especially lacking in its attempts to make Blacks and whites equal and was a time of intense
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The 1920s had seen robust economic growth in the United States. Mass-production techniques and the growing availability of electricity allowed industries to increase their output—and profits—dramatically. Employment levels surged‚ and many workers saw improvements in their standards of living. Consumer demand for new products also drove creation of new loan programs: for the first time middle-class Americans were able to purchase such goods as refrigerators‚ washing machines‚ and automobiles by making
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The five dimensions of external context within families who have no control and influence how families react to stressors are time in history‚ macroeconomics‚ human development‚ heredity and culture. The five dimensions of external context is the restraint in which the family must manage stress. The external context is the environment in which the family is embedded. An example of this would be a catastrophe event caused by nature. The external context is when the family has no control. It is a limit
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Characteristics of the 1920s Technology had a significant impact on the 1920s. Because of the development of assembly lines and other innovations‚ cars became one of the most important industries in the nation. This stimulated growth in the industries of steel‚ rubber‚ glass‚ tool companies‚ oil corporations‚ and road construction. As a result of the mobility of individuals that was made possible by the automobile‚ the demand for suburban housing began to boom. In the early 1920s‚ commercial aviation
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Economic development in New Zealand ! HDI Life expectancy GDP per capita PPP Literacy rate Mean years of schooling 2010 0.907 80.40 years $25‚293 99% 12.4 years 2013 0.919 80.82 years $25‚689 99% 12.5 years ! The Human Development Index (HDI) is a composite statistic of life expectancy‚ education‚ and income indices used to rank countries into four tiers of human development. From the year 2010 to 2013‚ New Zealand’s HDI has gone up
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reason how different aspects of development affect one another and this is because the physical‚ social‚ emotional‚ intellectual all interlink with one another. If a child is less developed in reading‚ then when it comes to reading time as a group they may feel uncomfortable and not want to interact with anyone to form a friendship and this makes them feel slightly embarrassed and have low self-esteem. This them affects the child’s social and possibly language development. This then affects the child’s
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