30 questions
Economic Growth and Development - A Comparison. What is the first statement of the video clip?
Economic growth and development a comparison growth and development
Let us understand the terms economic growth and economic development in much more detail
Economic growth is a narrower concept than economic development
It is defined as the increase in the value of goods and services produced by every sector of the economy
It refers to an increase over time in a country's real output of goods and services
Economic Growth and Development - A Comparison. What is the Second statement of the video clip?
It is usually expressed in terms of the gross or net national product
Let us understand the terms economic growth and economic development in much more detail
Economic growth is a narrower concept than economic development
It is defined as the increase in the value of goods and services produced by every sector of the economy
It refers to an increase over time in a country's real output of goods and services
Economic Growth and Development - A Comparison. What is the Third statement of the video clip?
It is usually expressed in terms of the gross or net national product
However other measures could be employed such as the extent of urbanization, degree of industrialization, level of human development etc
Economic growth is a narrower concept than economic development
It is defined as the increase in the value of goods and services produced by every sector of the economy
It refers to an increase over time in a country's real output of goods and services
Economic Growth and Development - A Comparison. What is the Fourth statement of the video clip?
It is usually expressed in terms of the gross or net national product
However other measures could be employed such as the extent of urbanization, degree of industrialization, level of human development etc
Economic growth does not take into account the size of the informal economy
It is defined as the increase in the value of goods and services produced by every sector of the economy
It refers to an increase over time in a country's real output of goods and services
Economic Growth and Development - A Comparison. What is the Fifth statement of the video clip?
It is usually expressed in terms of the gross or net national product
However other measures could be employed such as the extent of urbanization, degree of industrialization, level of human development etc
Economic growth does not take into account the size of the informal economy
Economic growth does not take into account the depletion of natural resources which might lead to pollution congestion and disease
It refers to an increase over time in a country's real output of goods and services
Economic Growth and Development - A Comparison. What is the Sixth statement of the video clip?
It is usually expressed in terms of the gross or net national product
However other measures could be employed such as the extent of urbanization, degree of industrialization, level of human development etc
Economic growth does not take into account the size of the informal economy
Economic growth does not take into account the depletion of natural resources which might lead to pollution congestion and disease
Economic development is a normative concept that is it applies in the context of people's sense of morality right and wrong, good and bad
Economic Growth and Development - A Comparison. What is the Seventh statement of the video clip?
There is far more to economic development than income growth
However other measures could be employed such as the extent of urbanization, degree of industrialization, level of human development etc
Economic growth does not take into account the size of the informal economy
Economic growth does not take into account the depletion of natural resources which might lead to pollution congestion and disease
Economic development is a normative concept that is it applies in the context of people's sense of morality right and wrong, good and bad
Economic Growth and Development - A Comparison. What is the Eighth statement of the video clip?
There is far more to economic development than income growth
For if income distribution is highly skewed, growth may not be accompanied by much progress towards the goals that are usually associated with economic development
Economic growth does not take into account the size of the informal economy
Economic growth does not take into account the depletion of natural resources which might lead to pollution congestion and disease
Economic development is a normative concept that is it applies in the context of people's sense of morality right and wrong, good and bad
Economic Growth and Development - A Comparison. What is the Ninth statement of the video clip?
There is far more to economic development than income growth
For if income distribution is highly skewed, growth may not be accompanied by much progress towards the goals that are usually associated with economic development
The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem, needs and freedom from oppression as well as a
greater choice
Economic growth does not take into account the depletion of natural resources which might lead to pollution congestion and disease
Economic development is a normative concept that is it applies in the context of people's sense of morality right and wrong, good and bad
Economic Growth and Development - A Comparison. What is the Tenth statement of the video clip?
There is far more to economic development than income growth
For if income distribution is highly skewed, growth may not be accompanied by much progress towards the goals that are usually associated with economic development
The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem, needs and freedom from oppression as well as a
greater choice
Thus it implies progressive changes in the social economic structure of a country
Economic development is a normative concept that is it applies in the context of people's sense of morality right and wrong, good and bad
Economic Growth and Development - A Comparison. What is the Eleventh statement of the video clip?
There is far more to economic development than income growth
For if income distribution is highly skewed, growth may not be accompanied by much progress towards the goals that are usually associated with economic development
The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem, needs and freedom from oppression as well as a
greater choice
Thus it implies progressive changes in the social economic structure of a country
It involves study of decline in the share of agriculture in GDP and a corresponding increase in the share of industries trade and banking construction and other services in GDP
Economic Growth and Development - A Comparison. What is the Twelfth statement of the video clip?
According to Mayo and Baldwin economic development is a process whereby a country's real national income increases over a long period
For if income distribution is highly skewed, growth may not be accompanied by much progress towards the goals that are usually associated with economic development
The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem, needs and freedom from oppression as well as a
greater choice
Thus it implies progressive changes in the social economic structure of a country
It involves study of decline in the share of agriculture in GDP and a corresponding increase in the share of industries trade and banking construction and other services in GDP
Economic Growth and Development - A Comparison. What is the Thirteenth statement of the video clip?
According to Mayo and Baldwin economic development is a process whereby a country's real national income increases over a long period
The economic development of a country is defined as the development of the economic wealth of the country
The definition of economic development given by Michael Todaro is an increase in living standards, improvement in self-esteem, needs and freedom from oppression as well as a
greater choice
Thus it implies progressive changes in the social economic structure of a country
It involves study of decline in the share of agriculture in GDP and a corresponding increase in the share of industries trade and banking construction and other services in GDP
Economic Growth and Development - A Comparison. What is the Fourteenth statement of the video clip?
According to Mayo and Baldwin economic development is a process whereby a country's real national income increases over a long period
The economic development of a country is defined as the development of the economic wealth of the country
Economic development is aimed at the overall well-being of the citizens of a country as they are the ultimate beneficiaries of the development of the economy of their country
Thus it implies progressive changes in the social economic structure of a country
It involves study of decline in the share of agriculture in GDP and a corresponding increase in the share of industries trade and banking construction and other services in GDP
Economic Growth and Development - A Comparison. What is the Fifteenth statement of the video clip?
According to Mayo and Baldwin economic development is a process whereby a country's real national income increases over a long period
The economic development of a country is defined as the development of the economic wealth of the country
Economic development is aimed at the overall well-being of the citizens of a country as they are the ultimate beneficiaries of the development of the economy of their country
A quick look at the differences between growth and development
It involves study of decline in the share of agriculture in GDP and a corresponding increase in the share of industries trade and banking construction and other services in GDP
Economic Growth and Development - A Comparison. What is the Sixteenth statement of the video clip?
According to Mayo and Baldwin economic development is a process whereby a country's real national income increases over a long period
The economic development of a country is defined as the development of the economic wealth of the country
Economic development is aimed at the overall well-being of the citizens of a country as they are the ultimate beneficiaries of the development of the economy of their country
A quick look at the differences between growth and development
To summarize economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants
Economic Growth and Development - A Comparison. What is the Seventeenth statement of the video clip?
Economic growth and development are two different terms used in economics
The economic development of a country is defined as the development of the economic wealth of the country
Economic development is aimed at the overall well-being of the citizens of a country as they are the ultimate beneficiaries of the development of the economy of their country
A quick look at the differences between growth and development
To summarize economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants
Economic Growth and Development - A Comparison. What is the Eighteenth statement of the video clip?
Economic growth and development are two different terms used in economics
Generally speaking, economic development refers to the problems of underdeveloped countries and economic growth to those of developed countries
Economic development is aimed at the overall well-being of the citizens of a country as they are the ultimate beneficiaries of the development of the economy of their country
A quick look at the differences between growth and development
To summarize economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants
Economic Growth and Development - A Comparison. What is the Nineteenth statement of the video clip?
Economic growth and development are two different terms used in economics
Generally speaking, economic development refers to the problems of underdeveloped countries and economic growth to those of developed countries
The term economic development is far more comprehensive
A quick look at the differences between growth and development
To summarize economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants
Economic Growth and Development - A Comparison. What is the Twentieth statement of the video clip?
Economic growth and development are two different terms used in economics
Generally speaking, economic development refers to the problems of underdeveloped countries and economic growth to those of developed countries
The term economic development is far more comprehensive
It implies progressive changes in the social economic structure of a country
To summarize economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants
Economic Growth and Development - A Comparison. What is the Twenty-First statement of the video clip?
Economic growth and development are two different terms used in economics
Generally speaking, economic development refers to the problems of underdeveloped countries and economic growth to those of developed countries
The term economic development is far more comprehensive
It implies progressive changes in the social economic structure of a country
Viewed in this way, economic development involves a study of decline in the share of agriculture in GDP and a corresponding increase in shares of industries trade banking construction and other services
Economic Growth and Development - A Comparison. What is the Twenty-Second statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Generally speaking, economic development refers to the problems of underdeveloped countries and economic growth to those of developed countries
The term economic development is far more comprehensive
It implies progressive changes in the social economic structure of a country
Viewed in this way, economic development involves a study of decline in the share of agriculture in GDP and a corresponding increase in shares of industries trade banking construction and other services
Economic Growth and Development - A Comparison. What is the Twenty-Third statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
The term economic development is far more comprehensive
It implies progressive changes in the social economic structure of a country
Viewed in this way, economic development involves a study of decline in the share of agriculture in GDP and a corresponding increase in shares of industries trade banking construction and other services
Economic Growth and Development - A Comparison. What is the Twenty-Fourth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
It implies progressive changes in the social economic structure of a country
Viewed in this way, economic development involves a study of decline in the share of agriculture in GDP and a corresponding increase in shares of industries trade banking construction and other services
Economic Growth and Development - A Comparison. What is the Twenty-Fifth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
Viewed in this way, economic development involves a study of decline in the share of agriculture in GDP and a corresponding increase in shares of industries trade banking construction and other services
Economic Growth and Development - A Comparison. What is the Twenty-Sixth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
It does not have any other parameters to it
Economic Growth and Development - A Comparison. What is the Twenty-Seventh statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
It does not have any other parameters to it
Economic Growth and Development - A Comparison. What is the Twenty-Eighth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
It does not have any other parameters to it
Economic Growth and Development - A Comparison. What is the Twenty-Ninth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
It does not have any other parameters to it
Economic Growth and Development - A Comparison. What is the Thirtieth statement of the video clip?
Further whereas economic growth merely refers to rise in output development implies change in technological and institutional organization of production as well as in distributor pattern of income
Hence compared to the objective of development, economic growth is easy to realize by a large mobilization of resources and raising their productivity output level can be raised the process of development is far more extensive
Apart from a rising output it involves changes in composition of output, shift in the allocation of productive resources and elimination or reduction of poverty inequalities and unemployment
Economic development is not possible without growth but growth is possible without development because growth is just increase in GNP
It does not have any other parameters to it