Define economic development. explain the indicators of economic development
Answers
Answered by
7
Heya....
Economic development means the development regarding the GDP growth as well as social welfare.....
it's Indicators...
* GDP consistency.....
The % of GDP growth and the shares by each sector is the indicator of economic growth....
* GDP deflator.....
If we compare prices with the output of past years with prices of constant use it called GDP deflator nominal GDP / real GDP *100....
* Human development index....
The growth of demographic structure is also a indicator of growth...
Economic development means the development regarding the GDP growth as well as social welfare.....
it's Indicators...
* GDP consistency.....
The % of GDP growth and the shares by each sector is the indicator of economic growth....
* GDP deflator.....
If we compare prices with the output of past years with prices of constant use it called GDP deflator nominal GDP / real GDP *100....
* Human development index....
The growth of demographic structure is also a indicator of growth...
Answered by
2
Answer:
Explanation:
The problem of unemployment gives rise to the problem of poverty. Young people after a long time of unemployment find the wrong way to earn money. To get rid from the unemployment stress, they accept alcohol or drugs. Increase rate in Crimes.In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.(a) Social Policy is one of the major components of the Economic Policy
(b) The Social Policy and the Economic Policy are inter-related
(c) The Economic Policy is the integral part of the Social Policy
(d) Social Policy and Economic Policy are separate and each have no relation with the following it
Similar questions