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Economic growth and development, Economic growth, Economic development -…
Economic growth and development
Economic growth
measures of growth
GDP
flow of product approach
earnings-and-cost approach
capacity utilization
standard of living
the increased use of land, labour, capital and entrepreneurial resources
by using better technology or management techniques
by risifng labour and capital productivity
negative impacts on a nation
environmental degradation
the loss of traditional cultural values
advantages of growth
the average standard of living goes up
growth keeps people empoyed and provides the government with additional tax revenues
Economic development
development indicators
Human Development Index
the World Bank Development Indicator
quality of life
the success of measures to alleviate poverty
the current account balance
malnutrition
population size
tax rates
life expectancy
life expectancy
educational standards
Gender Empowerment Measure
Human Development Index
major factors
Life expectancy at birth
Levels of educational attainment
Gross Domestic Product per capita
Human Poverty Index
Human Freedom Index
the expansion of a county's productive capacity