Explain about the long-run economic growth, Business Economics

Assignment Help:

Explain about the long-run economic growth.

Long-Run Economic Growth:

Secular or long-run growth is the continued upward trend into aggregate output per person over many decades.

A country can attain a permanent raise in the standard of living of its citizens only by long-run growth. Therefore a central concern of macroeconomics is what finds out by long-run growth.


Related Discussions:- Explain about the long-run economic growth

What is balanced growth theory, What is Balanced Growth theory? Bala...

What is Balanced Growth theory? Balanced Growth theory: This theory argues that market is not capable to deliver growth. State approaches to development are needed since

P-value associated with coefficients t-statistic, β1=0 e5.1 from stock and ...

β1=0 e5.1 from stock and watson 3rd edition introduction to econometrics Using the data set CPS08 described  run a regression of average hourly earnings (AHE) on Age and carry out

Implement intellectual property right, Question: a) Distinguish betwee...

Question: a) Distinguish between the orthodox and the heterodox perspectives for implementing Intellectual Property Rights (IPRs). b) Patenting has been subject to much co

Traditional Theory Of Profit Maximization, Do you agree with the traditiona...

Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?

What policies can developed to resolve debt problem, What policies can less...

What policies can less developed countries follow to resolve their debt problem? Highly indebted countries can resolve by less developed countries: Seek help by internat

Change in currency rate, Change in Currency Rate Change in the sterlin...

Change in Currency Rate Change in the sterling currency rate has also great consequences because it depends upon the sterling currency rate to the other countries as well. As

Forecasting, who is the proponent of theory of economic rhythm?

who is the proponent of theory of economic rhythm?

Less developed countries economies grow by secondary sector, Define economi...

Define economies grow of less developed countries by developing its secondary sector. Less developed countries economies grow by developing its industrialising: Manufacturi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd