Search results
Results from the WOW.Com Content Network
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
These are referred to as the policy goals: the outcomes which the economic policy aims to achieve. To achieve these goals, governments use policy tools which are under the control of the government. These generally include the interest rate and money supply , tax and government spending, tariffs, exchange rates , labor market regulations, and ...
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
"The limited size of the domestic market in a low income country can thus constitute an obstacle to the application of capital by any individual firm or industry working for the market. In this sense the small domestic market is an obstacle to development generally." [3] The process of economic development as per Ragnar Nurkse's balanced growth ...
Summary indices on poverty and human development have been calculated for all 277 European regions. In addition, the European Commission provides a list of different indicators that can be categorised into five categories : GDP and other macro-economic indicators - provided by the System of National Accounts (SNA).
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity.Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare.
The increase in productive capacity of an economy is called economic growth. There are various factors affecting economic growth. There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models , including the Harrod-Domar model , the neoclassical growth models of Solow and Swan ...