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
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Economic growth‚ specifically long-term economic growth‚ and development relies on the capability of human capital to accumulate value. This means the ability of team managers to be more efficient with asset production‚ but also making sure efficient fund allocation is implemented and invested in the most useful places. Traditionally‚ banks‚ alternative financial institutions‚ stock markets‚ pensions funds have been utilize to evolve individual savings from income into additional capital monitored
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The Development of Democracy After the election in 1824‚ the Republican Party began to separate because of industrialization in New England‚ the spread of cotton in the south and westward expansion. The Republicans who were suspicious of having a federal government that was too powerful and wanted more power in the state became Democrats. Republicans that wanted the Federal government to encourage a strong economy became Whigs. Politicians had to start trying to gain the vote of the common man
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The Republic of Ireland and the United Kingdom Why did Ireland separate from the united kingdom? Who or what is the IRA? Terrorists or freedom fighters? The British isles; the name of a few quite big islands left of the European mainland. This is home to both the English and the Irish (among others). So‚ what is the difference between these two people? Long story short (very short)‚ The Irish are mostly made up of Roman Catholic while British people are largely protestant. This is because king
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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 concerts and gasoline) with no improvement in society over time. Show what would happen to the PPF over time as natural resources are exhausts. How would invention and technological improvements modify
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Globalization would be impossible without Transportation. Whether it be the 2‚000-year-old Roman Roads that connected the Mediterranean worlds of Europe‚ Africa‚ and Asia‚ many of which still exist today‚ to the Silk Road that carried goods across the entire Asian continent and beyond. Globalization would not exist if not for the maritime Triangle Trade that connected four continents‚ two hemispheres‚ and brought the Old and New World’s together. Transportation has also brought Globalization to modern
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ASSIGNMENT ON ECONOMIC GROWTH DEFINATION: An increase in the capacity of an economy to produce goods and services‚ compared from one period of time to another. Causes of economic growth: Economic growth does not have a set recipe. it is evident that different countries grow at different rates and for different reasons. Every country economy is build differently. Possible causes of economic growth: * Improvement to the labor force: 1) Improvement to the
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Expanding West During the 1800s‚ the federal government promoted westward expansion in a variety of ways. This expansions changed the shape and character of the country. The United states first started with very small property back then they were call the 13 colonies which to begin with was not as strong as it is today‚ if anything it was a lot weaker and had little to rely on. Through time it was able to make it ways into gaining more territory. You may ask how they did they do this? since
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Essay: How did black churches function during the antebellum period? Frederick Douglas‚ perhaps‚ said it best when he mentioned that the AME Mother Bethel Church in Philadelphia‚ obviously being a black church‚ was “the largest church in the Union‚” with up to 3‚000 worshipers every Sunday. This fact‚ along with black churches being the most influential institution in the antislavery movement (even more so than black conventions and newspapers) gave the religious aspect of the movement a powerful
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an attack on the US naval base in Pearl Harbor‚ Hawaii. They took off from Japanese aircraft-carriers which set out from Japan and remained radio silent and not detected. In this attack‚ the USS was badly damaged and almost lost the Pacific Fleet. Although the attack only lasted about 2 hours consisted of 2 waves of attack‚ over 2400 American soldiers lost their lives‚ more than 1000 soldiers were injured and 12 United States Navy vessels were destroyed‚ including the Arizona‚ the Oklahoma‚ the West
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