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What is the difference between an essential and adequate condition for growth?
Essential and adequate conditions are helpful analytical and evaluative elements. As like example of:
• When net investments always means an enhance in productive capacity therefore growth then net investments a essential and adequate condition for growth
• When growth leads to an increase into GDP but considerable externalities, depletion of non-renewable resources and worsening income distribution in that case growth does not all the time lead to development. Growth is essential (has to occur) but inadequate (not enough) state for development.
with a water park going in town. What kind of externality is this?
What are the differences among developing economies? Developing countries are diverse. They can be different in terms of as: • Resource Endowment for example, a country is
WHAT are relationship between them showthese relitionship with the help of digram also state relitionship between AR MR & TR.
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QUESTION (a) Explain the 3 different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standard of a population? Discuss
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