Economy, asked by RuPaNath, 1 year ago

Difference between backward economy and stagnant economy ?

Answers

Answered by HeartHackerGirl64

2

Answer:

❤️❤️Stagnation is a situation that occurs within an economy when total output is either declining flat or rising slightly. ... Stagnant economy is an economy that experiences a prolonged period of economic growth, defined in terms of GDP growth, that is slower than potential and usually accompanied by high unemployment.❤️❤️

Explanation:

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