"Effect Of Rapid Population Growth On Nigeria Economic Development" Essays and Research Papers

  • Effect Of Rapid Population Growth On Nigeria Economic Development

    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...

    An Essay on the Principle of Population, Economic development, Economics 1152  Words | 4  Pages

  • Economic Growth in Nigeria

    Interests in the study of economic growth and development have been on the increase especially since the middle of the present century. Economic growth results in the expansion of a country’s production possibility curve such that the potential output of the country is increased beyond the previous levels. Thus growth is often defined in terms of a sustained increase in the real per capita income of a country. Simon Kuznets in (Todaro, 1885), defined a country’s economic growth as “a long term rise in...

    Developed country, Development economics, Economic development 843  Words | 3  Pages

  • Effects of Population Growth on Environment

    Effects of Population Growth on Environment This is not the latest jackpot prize, but 6.5 billion is a very formidable number. It [It must refer to a specific word in the sentence or the reader can become confused.] is the population of the earth. The human population has been increasing at an accelerated rate in the last century; unfortunately, not much has been done to slow down this process. Undoubtedly overpopulation is a global issue. It [It must refer to a specific word in the sentence...

    Earth, Human, Natural environment 2373  Words | 7  Pages

  • Economic Development

    Introduction Governments the world over have long been investing in infrastructure in the hope of boosting economic development of their country. To study the relationship between infrastructure and economic development, we compared two journals; Infrastructure and Local Economic Development by Rives, J & Heaney, M. (1995) and Infrastructure and Economic Growth: The Nigeria Experience 1980-2006 by Enimola, S (2010). We chose these journals as the journal by Rives, J looked at the approach...

    Capital, Capital accumulation, Economic development 1884  Words | 7  Pages

  • The Government Should Take Steps to Control Population Growth

    Steps to Control Population Growth Jie Wang EAP2 Writer’s Workshop Ms. Miller February 21, 2013 Abstract During the last 30 years, the world’s population has haven an increase of 60%. This paper focuses on the demographic situation and the problems of population growth. It discusses the benefits of population control in terms of economic development, environmental issues, employment pressure and education opportunities. It also talks about the disadvantage of population control that a country...

    Demographic economics, Demography, Overpopulation 2460  Words | 4  Pages

  • Effect of Rapid Urbanization on Housing

    THE IMPACT OF RAPID URBANIZATION ON HOUSING DEVELOPMENT IN NIGERIA FROM 1950 -2010 (Focus on urban developments and housing problems case study: Lagos) Urbanization according to Aluko O.E is rather subjective and can be given various interpretations. However in this concept it can be defined as the expansion of the number of people living in an urban area that depicts the rate at which people move from rural areas and populate the urban areas. Reports however, from the united nation show that the...

    City, Lagos, Population growth 2257  Words | 7  Pages

  • Causes and Effects of Economic Growth

    Discuss the causes and effects of Economic Growth Economic Growth Before discussing the causes and effects of economic growth, I will define what economic growth actually is and distinguish between the two types of growth in the economy; actual and potential. On the whole, economic growth may be defined as ‘a long-run increase in an economy’s productive capacity and trend output’. The long-run output growth trend an economy achieves is indicated by the path of trend Gross Domestic Profit...

    Capital accumulation, Economic development, Economic growth 1736  Words | 6  Pages

  • Economic Growth and Economic Development Original

    ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT In contemporary times, certain economic registers are used frequently. Arguably two of these most used terms in economics, ‘economic growth’ and ‘economic development’ are terms that just about everyone is at least remotely familiar with, even if they have not studied economics at all. Sometimes it seems everyone knows what economic growth and economic development is. Politicians use these terms all the time, and so do teachers, managers and even preachers...

    Development, Economic development, Economic growth 2339  Words | 7  Pages

  • Economic growth and economic development

    ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development, improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth, a stronger economy, and pro-people system of governance, Writes M S Siddiqui Economic development generally refers to sustained and concerted actions, taken by the policy-makers and communities, which promote the standard of living and economic health...

    Development, Economic development, Economics 1031  Words | 4  Pages

  • Education Expenditure and Economic Growth in Nigeria

    and direction of the bodily activities setbacks in the education system would act as a hindrance to economic development. Thus, the single most significant complex of social-control tools for national development is found in the educational system; be it formal or informal. (Uwadia , 2010). It is also accepted that the development of any nation depends largely on the development of the human population in that nation which can majorly be improved through education. Smith (1937) stressed the significance...

    Budget, Economic system, Economics 1017  Words | 4  Pages

  • Managing Rapid Population Growth

    Managing Rapid Population Growth Rapid Population has social, Economic and Political Impacts- Social Services like healthcare and education can’t cope with the rapid increase in population. Children have to work to support large families so they miss out on education. There aren’t enough houses for everyone so overcrowded settlements -leads to health problems. There will be food shortages Low living standards...

    Demographic economics, Demography, Immigration 832  Words | 6  Pages

  • Why the Population Increase in Nigeria

    POPULATION GROWTH The absence of virtually any reliable current demographic data has not prevented national and international bodies from generating estimates and projections of population and population growth in Nigeria. The World Bank estimate of Nigeria's 1990 population was 119 million, with an estimated annual growth rate of 3.3 percent. Although other sources differed on the exact figure, virtually all sources agreed that the annual rate of population growth in the country had increased from...

    Africa, Birth rate, Demography 1805  Words | 5  Pages

  • Effects of Population Growth in the Philippines

    Chuchucuhcuh. According to the NSO or National Statistics Office in the Philippines, the population growth as of 2013 is ninety eight million seven hundred thirty four thousand seven hundred ninety eight or 98,734,798 in numbers. It is said that the rate of the population of the Philippines is rapidly growing. Chuchcuchuchu we must know the shape of things to come, this days our country is in the state of growing population which eventuaaly leads to several environmental isues as well as social problems...

    Demography, Overpopulation, Philippines 1951  Words | 7  Pages

  • Economic Growth

    Economic Growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. Economic growth typically refers to growth of potential output, i.e., production at "full employment"....

    Economic development, Economic growth, Economic inequality 1639  Words | 5  Pages

  • China’s Economic Growth and Development

    China’s Economic Growth and Development China is presently the world’s largest economy in relation to its population of 1.3 billion. The country is currently a socialist economy ruled by a Communist Government, with significant structural changes impacting its economy as a result of the high rate of growth over the past decades. Its economy is in the transition phase, moving from being a centrally planned economy to a system based more on the market. A socialist or market economy can be defined...

    Economic development, Economic growth, Economics 1537  Words | 8  Pages

  • Barriers to Economic Development in Ghana

    Economic development has to occur after a period of sustained economic growth. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. There are many barriers to economic development in Ghana. Eight of them are discussed below: First and foremost, Ghana like most developing countries is enriched with natural resources or deposits but the human capital is not able to transform them to achieve rapid economic growth and development. For economic...

    Capital accumulation, Economic development, Economic growth 1443  Words | 4  Pages

  • Economic growth

    Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment.  Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of...

    Capital, Economic growth, Economics 1926  Words | 7  Pages

  • The Effect of Corruption on Economic Growth

    Economic growth The effect of corruption on economic growth has been extensively researched in the last two decades. While not denying that corruption may have played a positive role at particular times in specific countries, it leads to lower growth, hampering both private and productive government spending in investments and inhibiting the efficiency of public services. Corruption can also affect the growth rate through distortions in tax collection, the level of public expenditure and the composition...

    Bribery, Economic growth, Economics 687  Words | 3  Pages

  • What Accounts for the Population Explosion in Developing Countries During the Last Forty Years? in What Sense Is Rapid Population Growth a Problem’

    for the population explosion in developing countries during the last forty years? In what sense is rapid population growth a problem’ Population growth is a necessary phenomenon for growth and security in the any world economy. Within this essay I will explain and clarify why rapid population is significant issue especially in developing economies. I will also provide clarity on why population growth has become so rapid in these developing countries. At the present time the world’s population is just...

    Demography, Developed country, Developing country 1891  Words | 5  Pages

  • Population Growth

    SCIENCE DEPARTMENT OF GEOGRAPHY INDIVIDUAL ASSIGNMENT GE247:POPULATION STUDIES DR. J KIVELIA NAME: DESDERIUS DITRICK MWIZILYA REG #; 2011-04-05382 BAGEN QN. Provide critical argument for and againstthe conention that population growth is the hindrance for socio -economic growth particularly in developing countries. Popula-tion growth means that is the increase in number of people in a particular geographical area. Popula-tion growth is found in developing countries which are in three continents...

    Demography, Developed country, Developing country 2495  Words | 7  Pages

  • Population Growth and the Ecological Balance

    Population Growth and the Ecological Balance GEO 702: Technology and Contemporary Environment Professor Valentina Capurri Student Name Zohra Mohammad Student Number 500 383 844 Submission Date 05/11/2014 With the rapid growth of population in various areas of the world, the global leaders have taken a moment to realize the consequences and the impact this is having on the ecological balance of the earth. While there are several ways in which humans are responsible for the disturbance of ecological...

    Carrying capacity, Demographic economics, Demography 2067  Words | 9  Pages

  • Unemployment and Population Growth Rate

    unemployment in Kenya. High population growth rate: The rapid population growth rate in Kenya is generating rapid growth in the labour force. Such a high population growth rate is incompatible with the available arable land in the rural areas. Hence people tend to migrate in the urban areas in search of jobs. This aggrevates unemployment in the urban areas. This problem can be overcome by reducing the high population growth rates using methods used to control population growth. Use of inappropriate...

    Economic growth, Economics, Economy 1322  Words | 5  Pages

  • Exponential Population Growth

    According to the International Program Center, U.S. Census Bureau, the total population of the World, projected to 03/27/08 at 19:37 GMT (EST+5) is 6,657,527,872. (US Census Bureau) This rapid growth in population means little to most people living in this today’s world but it’s a phenomenon that should be a concern to all. It took from the start of human history to the industrial revolution around 1945 for the population to grow to 2 billion. If we then look at the figures after 1945 then we would...

    Demography, Famine, Green Revolution 1342  Words | 4  Pages

  • Population as an Economic Concern

    For this individual project, I chose population as my topic of economic concern. This economic concern effect several countries in the world today. A large population produces a large labor force which will in turn produce more total production. With a fixed amount of assets and an increasing labor force, the amount of assets per worker will be less. With fewer assets, production output per worker will be less because the worker won't have enough equipment and machines to use. This demonstrates...

    Demographic economics, Demography, Economic growth 873  Words | 3  Pages

  • Population Growth

    WHY MALTHUS WAS WRONG Over the past 10 years, Indian population has risen by 220 million people, reaching an estimated 1,22 billion in 2012. The effects of this population increase are evident in the increasing poverty, unemployment, air and water pollution, shortage of food, health resources and educational resources. With India as an example we will discuss Malthus, the population growth theory and see if Malthus theory was maybe mistaken in the past but has some valid aspects today. Thomas...

    Demography, Economics, Famine 1013  Words | 3  Pages

  • Population Growth and Economic Development

    POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However, the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different...

    Capital, Capital accumulation, Economic growth 2594  Words | 8  Pages

  • Causes and Effects of Economic Growth

    “Discuss the Causes and Effects of Economic GrowthEconomic Growth is where goods and services maximise in value over a period of time. This is measured by Real Gross Domestic Product (GDP) which is defined as “The total market value of all final goods and services produced in a country….equal to the total consumer, investment, and government spending, plus the value of exports minus the value of imports.”(www.Investorwords.com) In turn this is measured by the level of aggregate demand in the...

    Economics, Economy, Gross domestic product 1084  Words | 3  Pages

  • Population Growth

    of life and the rise of permanent settlements and eventually cities, the human population has undergone dramatic growth. "It took until after 1800, virtually all of human history, for our population to reach 1 billion. Yet we reached 2 billion by 1930, and 3 billion in just 30 more years, in 1960" (Withgott & Brennan, 218). Today the world's population has grown to an estimated 6.5 billion people. "Increased population intensifies impact on the environment as more individuals take up space, use natural...

    Demographic economics, Demography, Green Revolution 1158  Words | 4  Pages

  • Factors Responsible for the Rapid Growth of Population in India

    Factors responsible for the rapid growth of population in India India is the second overpopulated country in the world which reached 1.21 billion(1,210,193,422 Crores). It is next to China and has 2.4 per cent of the total population of the world land area where she has to support nearly 16% of the total world population. According to the 2001 census india population was102.7 crores. The growth of population per year is more than 17 million which is equal to the total population of Australia and little...

    Demography, Life expectancy, Overpopulation 904  Words | 3  Pages

  • Economic Growth and Financial Development

    about the relation between economic growth and financial development. First, financial development has impact on economic growth (i.e. Bagehot, 1873; Schumpeter, 1912; McKinnon, 1973; Shaw, 1973; Patrick, 1966; Goldsmith, 1969; Fry, 1973). Second, economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson, 1952). The third view, however, contends that both financial development and economic growth Granger cause one another....

    Economic growth, Economics, Financial market 1119  Words | 4  Pages

  • Population Growth

    Population Growth 5 Problem and solution essay. Have you ever thought what will happen with us in our nearest future? Is there will be better life than today? When I first saw headlines such as “Better life is coming” or “Future without problems, it’s true”, I was tempted to answer, “Yes”. However, these facts aren’t so widely reported in the newspaper and television. But the nearest future, in fact, is not as fluffy as it seems to be. Moreover, there will more global problems than we have. The...

    Biotechnology, Famine, Food 1017  Words | 3  Pages

  • Income Inequality, Economic Growth and Its Effects .

    Income Inequality, Economic growth and its effects . Abstract “Some people are of the view that income inequality is a necessary part off the growth process, that it is generally unavoidable and that policy should focus on ensuring that everyone is doing better rather than focusing on narrowing the income gap” whilst other agrue that it hinders growth. This assignment was carried out to investigate and debate the theoretical and empirical views of the above statement as well as share my own...

    Economic growth, Economic inequality, Economics 2521  Words | 7  Pages

  • Impact of Rapid Population Growth in Developing Countries

    be sufficient to generalize the effect of population growth in developing areas, at least that is what some researchers believe. They agree that rapid growth in today’s less developed countries have favorable effects such as economies of scale and specialization, better capacities, and motivations of younger people compared with older ones. However, rapid population growth creates high pressures on elemental resources that compromises our actual model of development as human beings. In fact, it’s...

    Agriculture, Demography, Developed country 960  Words | 3  Pages

  • Demographic Transition and economic growth

     What is demographic transition? How can demographics of a country have an impact on its economic growth? Let me first address the first part of this question, Demographic transition refers to a change in the development stage of the country as it transgresses from a pre-industrialized era to an industrialized. The major change witnessed in the country will be a distinctive decrease in the birth and the death rates. This transition is illustrated through a demographic transition...

    Birth rate, Demographic economics, Demographic transition 1252  Words | 5  Pages

  • Sustainable Growth and Economic Development

    Economic growth has been used with other terms such as development, modernization, westernization and industrialization. It is, in other words, a transition from a simple, low-income economy to a modern, high- income economy. Its scope includes the process and policies by which a nation improves the economic, political, and social well-being of its people. Though it is often measured by rate of change of gross domestic product, it is generally understood in terms of increase in per capita income...

    Ecological economics, Economic growth, Economy 1083  Words | 4  Pages

  • Economic growth

    Economic growth is considered as one of the most essential parts of the economics, and it is defined an increase of goods and services of a country within certain period (Acemoglu, 2012). Modis (2013) claimed that, this economic growth conception particularly relates to the growth of potential output and production which is measured by gross domestic product per capita (GDP). Economic growth ideology has a long history, though it has been existed since the mid-18th, economic growth has dominated...

    Ecological economics, Economic growth, Economics 1574  Words | 5  Pages

  • Consequence of Population Growth on Econmic Development I Nigeria

    2, Issue 5 ISSN: 2249-5894 ___________________________________________________________ EFFECT OF POPULATION ON ECONOMIC DEVELOPMENT IN NIGERIA: A QUANTITATIVE ASSESSMENT ADEDIRAN OLANREWAJU ADEWOLE* __________________________________________________________ ABSTRACT: This study examines the effect of population on economic development in Nigeria. Thus, Malthusian theory of population is relevant to Nigeria as a developing economy. The study used trend analysis of the study with the scope spanning...

    Economic development, Economic growth, Economics 5558  Words | 21  Pages

  • Discuss the Causes and Effects of Economic Growth

    Economic growth is the overall growth in an economy. Gross National Product and Gross Domestic Product are the normal measures of economic growth. Because growth can come in many ways, GNP and GDP are not particularly good measures. More so, economic growth can occur from having more people in an economy. If economic growth occurs more slowly than the population growth, then there can be economic growth, but the average person is less well-off. As economic growth is measured as the annual percent...

    Economic growth, Economics, Gross domestic product 1365  Words | 5  Pages

  • Nigeria Economic Bloc

    The aim of this work is discuss Nigeria’s regional economic bloc (ECOWAS), the implications of this Economic Bloc to International Business and its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160,027,000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key...

    Africa, Economic Community of West African States, Economic integration 2714  Words | 4  Pages

  • The Schumpeterian Theory of Economic Growth and Development

    THE SCHUMPETERIAN THEORY OF ECONOMIC GROWTH AND DEVELOPMENT Schumpeter assumes a perfectly competitive economy, which is in stationary equilibrium. In such a stationary state, there is perfect competitive equilibrium, no profits no interest rates, no saving, no investment and no involuntary unemployment. This equilibrium is characterized by what Schumpeter terms as “circular flow” which continues to repeat itself in the same manner year after year. In the circular flow, the same products are produced...

    Capitalism, Developed country, Developing country 1503  Words | 5  Pages

  • Objectives of Economic Growth and Development

    Objectives of Economic Growth and Development Economic growth is defined by, among other things, material capital formation, human capital formation and the creation of innovation. Put another way, economic growth is determined by the amounts and types of capital and labor that are invested, and how they are utilized for production. The objective of economic growth through economic policy is not necessarily GDP or GNP maximization but maybe enhancing and improving quality of life or other values...

    Comparative advantage, Economic development, Economic growth 2109  Words | 6  Pages

  • Rapid Population Growth as a Problem of Humanresources Utilization in Nigeria

    RAPID POPULATION GROWTH IS ONE OF THE PROBLEMS OF HUMAN RESOURCE UTILIZATION IN NIGERIA. WHAT CAN BE DONE TO REDUCE THIS PROBLEM? A MANPOWER ECONOMICS ASSIGNMENT Akinrodoye Adunola INTRODUCTION Population can be defined as the number of people living in any defined area at any given time. Hence the population of Nigeria consists of all the people who live in the country at any given time (Dictionary of Economics, 1998; Ojo, 1997). Population however cannot...

    Demographic economics, Demography, Population 2759  Words | 9  Pages

  • Hiv/Aids and Its Effects on Economic Growth

    HIV/AIDS and Its Effects on Economic Growth Taywanna Drayton ECO 204 Instructor Stephanie Webb August 16, 2010 HIV/AIDS and Its Effects on Economic Growth For most developing countries, the main source of progress is through industry and domestic saving. In order for industry to be a viable source of progress, the country must have a large, productive workforce. Certain elements may stymie growth, leading to a slow down in development and, by proxy, a stalled economy. For...

    Africa, AIDS, Botswana 1995  Words | 6  Pages

  • Economic Growth and environmental problems

    Economic Growth and environmental problems The industrial revolution, which began around 1750, ushered human beings into a new era of modern civilization. While the remarkable progress in science and technology has improved people's lives greatly, our earth is changing and the environment around us is becoming worse and worse. According to Booth (1991, p.552), the" long-run economic growth relies on the creation of new industries and new forms of economic activity, these new forms of economic activity...

    Air pollution, Carbon dioxide, Climate change 1026  Words | 3  Pages

  • Costs and Benefits of Economic Growth

    A2 Macroeconomics / International Economy Costs and Benefits of Economic Growth   The advantages and disadvantages of economic growth are fiercely debated by economists, environmentalists and other commentators. In this note we consider some of the economic and social costs and benefits from expanding levels of production and consumption. In particular we focus on the idea of sustainable growth. The Benefits of Economic Growth According to the UK government, ‘a healthy economy leads to higher...

    Economic growth, Economic inequality, Economics 2020  Words | 6  Pages

  • Effects of Rapid Population Growth

    Effects of Rapid Population Growth While population growth is at times a beneficial thing for a species, there are many factors that define when growth becomes detrimental. When population growth becomes "rapid" there is a great chance that the counter-productive level has been reached. The most accurate index is the balance between population and sustainability. 1. Rapid Growth o Rapid growth is a quick increase in population. The number concerned when calculating the population is the number...

    Carrying capacity, Demographic economics, Demography 649  Words | 2  Pages

  • economic development

    ECONOMIC DEVELOPMENT, 1st definition - it is the sum of growth and change Growth vs. change: Growth  - the increase in the kinds and quantities of the available resources Change - the rising standard of living Questions to ponder What is the difference between economic development and development? Which comes first, growth or change? Can an economy experience growth without change? TWO CONTEXT OF DEVELOPMENT  National - development is a combined  effort of both the national and...

    Bretton Woods system, Currency, Economic development 567  Words | 1  Pages

  • Globalization and the Socio- Economic Development of the Nigerian Women: Challenges for Social Studies Education

    Abstract Globalization, according to the Population Reference Bureau (2000) has encouraged women's participation in the market economy by creating new job opportunities. This paper presents globalization and socio-economic development of the Nigerian women. It highlights the several ways in which the concept globalization can be used, how globalization has assisted women in holding conferences where key issues affecting them were discussed and how Nigeria and some other countries of the world have...

    Feminism, Gender equality, International Labour Organization 2405  Words | 7  Pages

  • Role of Entrepreneurship in Economic Development

    Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities, identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake...

    Economic development, Economic growth, Economics 787  Words | 3  Pages

  • Population Growth in the Philippines

    I. Introduction The Philippine population in the early 1990s continued to grow at a rapid, although somewhat reduced rate from that which had prevailed in the preceding decades. In 1990 the Philippine population was more than 66 million, up from 48 million in 1980. This figure represents an annual growth rate of 2.5 percent, down from 2.6 percent in 1980 and from more than 3 percent in the 1960s. Even at the lower growth rate, the Philippine population will increase to an estimated 77 million...

    Demography, Manila, Metro Manila 611  Words | 3  Pages

  • Economic Growth

    * Home * About Us * Usefull Links * Contact Details ------------------------------------------------- Top of Form Bottom of Form Solved Assignments | Past Papers | Online Lectures | Handouts | Guess Papers | Books Economic Analysis MBA / MPA Solved Assinment No 2 Topic No 1 Helping Material Many scientists believe that we are rapidly depleting our natural resources. Assume that there are only two inputs (labour and natural resources) producing two goods (musical...

    Aggregate demand, Aggregate supply, Economic growth 1514  Words | 5  Pages

  • economic crisis in nigeria

    Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred, and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define, protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources, apparently this occurred about hundred years ago. The British...

    Economic growth, Economics, Gross domestic product 1705  Words | 5  Pages

  • African Trends and Development

    continent in population as well as land area (Hillard, 2013). It also is home to twenty-eight of the world’s poorest countries (Hillard, 2013). An economic trend is a view of the overall direction a nation is moving toward (Businessdictionary.com). Ever since the colonial powers released their former African colonies to become sovereign nations, the African countries have greatly suffered to stabilize their governments and their economies. Two very important factors in contemplating the economic trends...

    Africa, African Union, Economy 1346  Words | 4  Pages

  • Economic Development for Developing Countries

    ECONOMIC DEVELOPMENT SUMMARY CHAPTER 2: COMPARATIVE ECONOMIC DEVELOPMENT (Page 65 – 73) Created By: PATRICIA M. A. ADAM 1006805694 International Undergraduate Program Faculty of Economics University of Indonesia Depok 2013 Larger Rural Populations but Rapid Rural-to-Urban Migration One of the hallmarks of economic development is a shift from agriculture to manufacturing and services. Although modernizing in many regions, rural areas are poorer and tend to suffer from missing markets...

    Colonialism, Cyprus, Developed country 1244  Words | 5  Pages

  • Growth Population

    Economic Growth is the increase per capita gross domestic product (GDP). There is a distinction between nominal and real economic growth, where the first is the growth rate including inflation, while the second is the nominal rate adjusted for inflation. Moreover economic theorists distinguish short-term economic stabilization and long-term economic growth. The topic of economic growth is mainly related to the long run. Short-run variation of economic growth is termed the business cycle. The long-run...

    Economic development, Economic growth, Economics 2598  Words | 7  Pages

  • economic growth

    ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in...

    Aggregate demand, Aggregate supply, Economics 974  Words | 3  Pages

  • Relationship Between Unemployment and Crime Rate Among Youth in Nigeria

    CHAPTER ONE 1.1 INTRODUCTION Economic growth is fundamental for sustainable development. It is not possible, for a developing country, to ameliorate the quality of life of its growing population without economic growth. The relationship between government expenditure and economic growth has continued to generate series of debate among scholars. Government performs two functions- protection (and security) and provisions of certain public goods (Abdullah, 2000) and (Al-Yousif, 2000). Protection...

    Economic growth, Economics, Government spending 1755  Words | 6  Pages

  • Economics Notes: Economic Development

    Economic Development - Changes in income, savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades, with whom...

    Customs union, Economic integration, European Union 761  Words | 3  Pages

  • Entrepreneurship and Economic Development.

    Entrepreneurship and Economic Development A Commentary on Entrepreneurship and Economic Development (ed. Wim Naudé) Robert J. Strom Interest in the study of entrepreneurship has flourished among scholars in recent years. This research has brought to light, among other things, the important role of entrepreneurship and innovation in economic growth. We know that innovative entrepreneurs—those who bring new products and processes to the market—are disproportionately responsible for the breakthrough...

    Cyprus, Developed country, Developing country 1731  Words | 6  Pages

  • Introducing Economic Development: a Global Perspective

    Name: Kiestiko Sri Saptasari NIM: 126030112111011 PART ONE: PRINCIPLES AND CONCEPTS Chapter I: Introducing Economic Development: A Global Perspective 1. How to Other Half Live There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day, as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income, food, clothing,...

    Economic development, Economics, Economy 1915  Words | 6  Pages

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