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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Discuss the benefits of Economic growth. Economic growth can be defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead to higher real living standards and rising employment. Governments aim to achieve economic growth as it has many advantages; including higher employment levels. As Aggregate demand increases‚ more factors of production‚ most notably labour are needed to produce goods and services for the economy. When this occurs
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To understand what a leader can do to promote cultural change that helps improve the overall effectiveness of an organization‚ first we need to understand when and why cultural change needed in organization. - Cultural change needed when an organization does not possess a healthy culture‚ or requires some kind of organizational culture change. - Cultural change may be necessary to reduce employee turnover‚ influence employee behavior‚ make improvements to the company‚ refocus the company objectives
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AP European History Mr. Fisher Political and economic problems that leads to the civil war At the turn of the 17 century‚ England‚ like many other European countries started centralizing their government. The country become stable and powerful under Elizabeth’s polique rule. However‚ after her death‚ leaders such as James I and Charles I undo her improvements‚ as they create political and economic problem that eventually lead to the civil war. During and at the death of Elizabeth
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1. Neoclassical Theory Causes of Economic Growth a. Increase in labor quantity (population growth) b. Improvement of labour through training and education c. Increase in capital (higher savings and investments) d. Improvements in technology Neoclassicals believe that government control inhibits growth as it encourages corruption‚ inefficiency and offers no profit motive for entrepreneurship. Underdevelopment is seen as the result of government inefficient use of resources and state intervention
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1) Please explain: How “resistance to cultural change” can influence international product introduction? Culture in the context of marketing can be seen an aggregate of customs and habits shared by a group of people. It affects consumption patterns of consumers considerably. These practices in concrete market can’t be changed easily by any brand. Brands need to adopt their strategies and communications to cultural philosophy and find the balance between standardization and customization. If they
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books‚ journals and personnel. 2.0 EXTERNAL ANALYSIS - ENVIRONMANTAL FACTORS Environmental influences and trends can be thought of as layers around an organisation. The most general layer is the macro-environment where an understanding of political‚ economic‚ social‚ technological‚ environmental and legal (PESTEL) can provide an overall picture of the variety of forces at work around an organisation. Understanding the key components of PESTEL is essential to an organisation
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IMPACT OF THE RISING ELDERLY ON ECONOMIC SOCIAL SYSTEMS V. ECONOMIC EFFECTS ON CHINA’S ECONOMY VI. CURRENT SOCIAL PROGRAMS FOR THE ELDERLY VII. FUTURE SOCIAL PROGRAMS FOR THE ELDERLY VIII. POSSIBLE ECONOMIC IMPACT ON LABOR‚ FAMILY‚ AND WORKING-AGE IX. CONCLUSION INTRODUCTION Thirty-five years ago the proportion of young and the elderly was six to one. However‚ during the next thirty-five years the
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Comparison of Economic Growth in China and USA Name Institution Date Introduction 1. What are some of the most prominent cultural differences between the chosen country and the United States? What could be the impact of these differences on business activities with each other? Historical developments and cultural affiliations of various communities often define the economy of a country. The culture is critical in dictating the traditions that led to the realization of a given economic state both
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Polygamy The institution of marriage is a social institution‚ under which a man and woman establish their decision to live as husband and wife by legal pledges. There are many types of marriage such as Polygamy‚ monogamy‚ and polyandry. In this essay we will focus on polygamy and show that it has more advantages than disadvantages. First of all‚ polygamy decreases the rate of divorce. Sometimes it’s a necessity when the woman is older or sick or the man is not content with only
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