characteristics of Economic Development A country or a society’s economic development is usually associated with rising incomes and related increases in consumption‚ savings‚ and investment. Surely‚ there is far more to economic development than income growth; for if income distribution is profoundly swerved‚ growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic development? Low
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Economic development Economic development is the development of standard of living of humans. Development in infrastructure‚ health‚ industry‚ education‚ and financial institutions are parts of economic development. Average income of a person‚ life expectancy at birth‚ literacy rate‚ etc. are measurements of economic development. In order to increase the standard of living infrastructure facilities should be developed. Developments in roads‚ irrigation systems are a part of economic development
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The 1930’s was filled with many interesting and knowledgeable events that marks our history that we see we see it today. Snow white and the Seven Dwarfs became the biggest grossing film in the 1930’s. Franklin D. Roosevelt passed the Fair Labor Standards Act that raises the minimum wage from 25 cents to 40 cents an hour and limits the work week to 44 hours. A New York Scientist predicts that the United States will reach the moon by 2050. At the end of the decade the United States entered the Second
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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
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ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of
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Development Economics focus is on methods of promoting economic growth and structural change. The early proponents of development as a policy emerged with Keynesian Macroeconomics which encouraged the need for Government Intervention in order for economic growth to take place. This theory identified that fixed capital formation was a major source of economic growth and development. It also pointed out a need for a raise in domestic savings rate in the poor countries since savings led to investment
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Discuss the importance of language in the development of the nation state and / or cultural identity. There are various different ways in which people interact with one another‚ communication being the most common‚ and language being the most common form of communication. We use it to convey our emotions‚ thoughts and feelings‚ and to express ourselves. Language is an absolutely integral part of the survival of the human race‚ and a key aspect of various cultures. Whatever is considered meaningful
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presence to the national level. Knowledge of the key attributes that drives the target customer will help these players to understand what makes the multinationals successful and how to design their product offerings so as to take compete with the established product of these multinationals. Searching for the point of Indian soft drink market‚ researcher first documented on Gold Spot‚ this was the first soft drink brand in India. It was introduced by PARLE during later part of 40’s. Cola giant‚ Coca-Cola
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Definitions Economic Growth – an increase in either actual or potential GDP/output GDP – Gross Domestic Product – measures all expenditure in the economy. Real (constant prices) – this removes the effects of inflation Nominal (current prices) – this includes the effects of inflation Unemployment – people who are willing and able to work but who do not have a job. Frictional unemployment – people who are in-between jobs Structural unemployment – a permanent decrease in the demand for a certain
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Implications for Marketers Marketing strategies (Marketing mix elements – price‚ product‚ distribution‚ and promotions) has to reflect the brand and its image appropriately. Marketers should constantly be up to date with the changes in consumer’s demographic‚ lifestyles‚ and trends in order to develop marketing programs that appeals to them‚ so that they are able to be more adaptive to the marketing programs to the brand to achieve brand awareness. Marketers should always
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