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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.......................................... 1 2 What are the characteristics of the airline industry? ................................. 2 3 Which were the most important trends and developments in the airline industries’ past shaping the current future? .............................................. 4 4 Which trends and developments can be identified in the current airline industry that will shape its future? ........................................................... 10 5
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SOCIO-ECONOMIC DEVELOPMENT The GUIDE December 2003 Tavistock Institute in association with: GHK IRS CONTENTS INTRODUCTION 1 PART 1 THE CONTRIBUTION OF EVALUATION TO SOCIO-ECONOMIC DEVELOPMENT 5 1.1 THE BENEFITS OF EVALUATION 5 1.2 INTRODUCING EVALUATION: HISTORY AND PURPOSE 10 1.3 METHODS AND THEIR ROOTS 17 1.4 EVALUATION TO STRENGTHEN SOCIO-ECONOMIC DEVELOPMENT 24 1.5 GOLDEN RULES 35 PART 2 DESIGNING AND IMPLEMENTING EVALUATION FOR SOCIO-ECONOMIC DEVELOPMENT 38
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DO LARGE POPULATION A KEY TO ECONOMIC PROGRESS Introduction: Thomas Malthus in his published book “An Essay on the Principle of Population” claimed that there is a tendency for the population growth rate to surpass the production growth rate because population increases at a geometrical rate while production increases at an arithmetic rate. Thus‚ the unfettered population growth in a country could plunge it into acute poverty. However‚ the pessimist view has proven unfounded for developed economies
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have a language background in Arabic‚ which is the primary language spoken in their home. They each attend a small‚ private‚ international school‚ where their teachers allow them certain “ESL modifications”. Information gathered from these students’ needs assessment evaluations (to be discussed in section three) showed them to be in the early production stage of English language development. They have limited listening and speaking proficiency‚ a firm grasp of the Latin alphabet‚ and the ability to
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‘Big Three’ automobile companies are located in this city. The concept of External Scale Economies can help us explain why these three major companies are located in this area. Scales economies are important for a country because they represent a growth in its economy. Companies are able to produce more products or services at a lower cost of input. “External scale economies are based on the size of an entire industry within a specific geographic area.”1 These companies bulk in one specific area in
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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The Federal Republic of Nigeria‚ is a federal constitutional republic comprising 36 states and its Federal Capital Territory‚ Abuja. The country is located in West Africa. The name Nigeria was taken from the Niger River running through the country. Nigeria is roughly split half and half between Muslims in the North and Christians in the South; a very small minority practice traditional religion. The people of Nigeria have an extensive history. Archaeological evidence shows that human habitation
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Economies of Scale * This is the cost advantage that a business obtains due to expansion. * That is the factor that cause the average cost of producing a product to fall‚ as output of the product rises as explained in the ‘Dictionary of Economics’. * By achieving economies of scale‚ a company would have the cost advantage over its existing and new rivals. * Further‚ the company could achieve lower long run average cost (i.e. productive efficiency). But if technology changes‚ this
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ROLE OF CONSTRUCTION IN ECONOMIC DEVELOPMENT Provides for economic development and expansion of economic activities Major consumer of physical and natural resources Produces waste Pollutes environment BUILDING MATERIALS “You employ stone‚ wood and concrete and with these materials‚ you build homes and places: that is construction” – Le Corbusier Attitudes Towards Building Materials Possibilities and appropriateness Attitudes Efficiency of use (engineering point of view) Adequacy
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