1)What is the development and growth ?How differ from each other? Growth is referred to the increase of per capita real gross domestic product over a period of time. Real GDP is a quantitative concept since it involves increased productive capacity in an economy‚ which leads to rising national output‚ incomes and living standards over time. Growth can occur from two main factors: 1. The increased use of resources such as land‚ labour‚ capital and entrepreneurial resources due to improvements in
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company is RM17‚533‚690. Another company was secret Recipe Cakes & Cafe ‚it has 223 outlet and the anual revenue of this company was RM 202‚164‚594 . The franchise industry is expected to contribute RM22.5bil or about 2.6% to the Malaysian gross domestic product (GDP) this year. This reflects a rather small jump from last year’s contribution of 2.5% or RM21.48bil to the GDP.According to Malaysian Franchise Association chairman Abdul Malik Abdullah‚ he said that the government focus on increasing awareness
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improvements in technology. Economic Growth can also be described as an increase in a country’s productive capacity‚ as measured by comparing gross national product (GNP) in a year with the GNP in the previous year. In other words‚ Economic Growth is an increase in the real level of output as measured by the annual percentage in real GDP (Gross Domestic Product). Increase in the capital stock‚ advances in technology‚ and improvement in the quality and level of literacy are considered to be the principal
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Pattern and Sources of Economic Growth‚ comparison between Bangladesh and India. Introduction: GDP (Gross Domestic Product) is indicator of a nation’s economic Growth- Measured by the market value of all officially recognized final goods and services produced within a country in a given period. Through GDP growth we can measure the economic growth‚ especially very much useful indicating tools for measuring growth in the least developed countries (LDCs)‚ like Bangladesh‚ Haiti‚ Samoa‚ Afghanistan
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is the attractive and profit oriented market for the investment to developed countries. FDI is an easy path to enter the market of developing countries as India which has vast consumer market‚ big retail sector‚ reach aggregate demand‚ inadequate domestic supply‚ weak infrastructure‚ lack in technological background‚ political instability‚ low GDP‚ poor management skill‚ sick investment promotion strategies‚ government outlook towards investment‚ inadequate finance and unemployment all these factors
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Pakistan Economic Growth (2000-2010) A: Agriculture: “Agriculture growth rate over the last seven years: Table 1.1: Agriculture Growth (Percent) Year Agriculture Major Crops Minor Crops Livestock Fishery Forestry 2003‐04 2.4 1.7 3.9 2.9 2.0 ‐3.2 2004‐05 6.5 17.7 1.5 2.3
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Indonesia’s Current Economic Condition Indonesia is a country where many things are highlighted and noticed by people around the world. One of the topics is its economic condition. Many experts‚ domestic or international‚ have been taking notes on Indonesia’s economic trends and are making forecasts on how Indonesia’s economy will be in the following year‚ including this year’s economic condition. This essay will describe the status of Indonesia’s current economic condition‚ its challenges‚ and
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them traceable to the pharaonic times. Yet‚ its estimated total population of 83 million people have suffered tremendously from repeated foreign occupations and autocratic governments. Today‚ Egypt is considered a lower middle income country‚ with a Gross National Income (GNI) per capita of $2‚440 in 2010 and a Poverty headcount ratio at national poverty line (% of population) of 22% in 2008. Ranked 112 in human development index rank‚ out of 177 countries‚ it has an adult (15+) literacy rate of 71
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Chapter 9 GDP is the market value of all the final goods and services produced by all firms located in the United States in a given time period Marginal external cost The cost of producing an additional unit of a good or service that falls on people other than the producer. Efficiency Efficiency is achieved when the marginal social benefit equals the marginal social cost. Which of the following best describes an externality? An effect of a transaction felt by someone other than the
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SAU LECTURE NOTE ON ECO 213 INTRODUCTION TO MACROECONOMICS I COURSE OUTLINE 1. Nature and scope of macroeconomics • Macroeconomics defined • Why study macroeconomic • Macroeconomic theories • Relationship and interdependency of microeconomics and macroeconomics • Drawbacks of macroeconomics 2. National income accounting • Definitions • Concepts associated with national income •
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