How might inequality lead to faster growth or development? How might it lead to slower growth or development?

Q: Which of the following are sources of growth?

A: Find : Which of the following are sources of growth?

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: How does family close ties affect economic development?

A: The extended family system is referred to as "close family ties." It's a family system in which…

Q: How does the economy grow up without development? – Explain.

A: Economic and social development is the process by which a nation, region, local community, or…

Q: What is the role of education and training in the pursuit of economic prosperity?

A: Education is a strong reform driver, enhancing well-being and livelihoods, leading to social…

Q: How can technology and interventions in development offset the pressures of population growth?

A: Development refers to the growth of the economy of a nation along with socio-economic factors such…

Q: why would removing a trade restriction,such as a tariff , lead to more rapid economic growth?

A: The trade is, in some ways, a type of technology that can stimulate the same kind of economic growth…

Q: What do you think is the importance of innovation in the economic development of a country?

A: The nations around the world tend to operate with the motive of increasing their economic, and…

Q: Explain population growth in More-Developed Versus Less-Developed Countries ?

A: Population growth is an increase in the number of people in a particular period of time. An increase…

Q: How can Theory of Economic Development promote businesses to perform better?

A: Economic development: It refers to the strategies that deal with the development process of the…

Q: write about Arthur Lewis's dual-sector model of development, and how this model sheds light on the…

A: Quantity of enterprise depends on certain factors that are important for enterprise. It would…

Q: A key factor that leads to economic growth is?

A: The key factors that leads to an economic growth are human resources, physical capital, natural…

Q: Can economic growth and productivity align with our core values?

A: Economic growth and productivity are very important for the development of an economy. Core values…

Q: What is the age structure of a population? How does it affect population growth and economic growth?

A: *Answer:

Q: How has the process of economic development been similar in Japan, South Korea, Taiwan, and China…

A: The economic rise of China and also the growing network of trade and investment relations in…

Q: Why might high levels of inequality lead to power rates of growth and development? Why might it be…

A: Maintaining equity or reducing inequality is one of most important objectives of any government.…

Q: Discuss how money contributes to economic growth and\or development? Explain in detail.

A: Answer to the question is as follows:

Q: How did economic globalization and sustainable development play a significant role in the society?

A: Globalization is defined as the free flow of commodities, services, and people around the globe.…

Q: What are the barriers to development? If development is so difficult, why do nations undertake it?

A: The development is the condition when there would be an increase in income and the per capita income…

Q: Does social mobility boost economic growth?

A: Social Mobility : The social mobility can be explained as the movement of individuals, families,…

Q: What is economic development? How should it be measured?

A: The two or more economies can be compared with each other to know which economy is better in terms…

Q: How can growth and development affect the country’s economy?

A: Economic growth is defined as a rise in the market value of goods and services generated in the…

Q: Under what circumstances is rapid population growth beneficial to societies?

A: Population growth can be advantageous or disadvantageous for an economy. Growing population do have…

Q: What is economic development? Explain its nature and importance.

A: Economic growth can be defined as an increase in output through increase in factors of production…

Q: correlation between culture and development

A: Culture is a way of life practised as a daily routine.

Q: How does geography impact economic development??

A: Geographical factors include the level of natural resources in a nation and hence can influence the…

Q: Explain how the economic principles guides economic growth and productivity?

A: According to the given question Simply we can say that economic growth actually refer to a rise in…

Q: How does poverty and inequality affect the development of a country?

A: Poverty:- Poverty is defined as a lack of sufficient funds to cover fundamental requirements such as…

Q: How does economic growth reduce poverty?

A: Economic Growth : The economic Growth can be defined as an increase in the production of goods and…

Q: economic growth?

A: There are two policies which help to regulate the economy. The Fiscal Policy (FP) and Monetary…

Q: How is fertility related to population growth?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: How can we prevent population growth?

A: Population has become the biggest problem in today's time. It slows down economic development and…

Q: Economic growth comes from?

A: Economic growth occurs when the production of goods and services in the economy rises. It can be…

Q: State what is the difference between economic growth and economic development??

A: A rise in the production of products and services in an economy is referred to as economic growth.…

Q: Based on your opinion, what is the Relationship Between Poverty, Inequality and Development

A: Poverty refers to the relative standards of living in a society at a given time.  Inequality refers…

Q: At Which stage of production is the best to economic growth?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…

Q: What are the ways in which a government policymaker can try to raise the growth in living  standards…

A: Economic growth means the consistent rise in GdP over per of time in a year . GDP or GNP is the…