importance of economic growth...................................................................................................................................................................[any army online i wanna talk](sry sk it was my mom in my room... tht's d reason i went offline fr a while)
Answers
Answer:What is the importance of economics
Common people have become more engrossed in the role economics plays in our daily life. Economics deals from the property market to the macroeconomics of the household budget. Everything is connected to economics and therefore its interpretation is enthralling. For the upgrading of employability in banking, government sector, NGOs and businesses, attaining a comprehensive understanding of the diverse ways that people scrutinise economics phenomena allows for more compliant and ingenious practice. Development economics can expose exhilarating ideas and elucidations regarding the big concerns of the 21st century such as poverty, inequality, unemployment and globalization. A need is to cultivate international acquaintances to reveal economic propensities. There is a need to introduce a deep understanding of specific countries and issues established on tangible analysis of antiquity, establishments and political economy. It is an opportunity that will undoubtedly instigate economists to rethink their approach to economics. Economics can be used to fight poverty by implementing the right economic policies. The politicians have to translate the research into action from instigating appropriate plug-ins. There is a need to ascertain explicit programmes that can assuage poverty, ranging from low cost medical treatments to innovative education programmes. We need to examine the causes of unemployment, absenteeism in education, social programmes and other issues.
Economic output (GDP) and inflation are two significant features that need to be studied meticulously. The relationship between GDP and inflation, how they interact, how much inflation is good annually, are the factors of interest to any investor. There is supposed to be no profit if the GDP is constant or declining. On the other hand, if the GDP is increasing it may intensify inflation. A minor escalation in percentage of GDP growth per year is rewarding for the economy without any side-effects. This annual GDP may drop the unemployment rate. In order to maximize profits, wages are to be raised, which will in turn result in higher prices. Some economists argue that 0% inflation is ideal for stable prices. On the other hand some argue that a little inflation is a good thing. Global integration and technological progress offer substantial benefits. But these may lead to intensifying inequality and political turmoil. Tightening monetary and fiscal policy may lead to recession. High tariffs on imports increases demand for domestically produced goods and of course domestic workers. In the coming years, economy will provoke serious challenges. The markets are nervy because of the impending of debts. This increases the system vulnerability. It is unlikely that economic performance will be insusceptible to centrifugal and social forces. Operational management of imbalances and more consumption and innovation-driven growth can be expected.
In India 20% of the educated youth are unemployed. The priority should be to create jobs. The economists and the engineers need to brainstorm together to make a proper economic policy. The government need to target the job growth and we should emphasize on the high economic expansion for job-creation. In order to boon the economy we need to be clear about health and education, agriculture and rural development, urban and infrastructure connectivity, manufacturing and exports, and employment. We need an intuitive outlook on several facets of economy and policy-making. Economic growth can be sponsored through innovation, start-up, job-creation, risk taking and ingenious ideas. We should always reassure innovation and entrepreneurship. Those national policies should be tailed that promote innovation to certify that there will be adequate prosperity. We need not to reward unemployed because it only leads to more redundancy. It will only lead to pandemonium if the jobless stay unemployed for longer time. If the jobless contribute to the benefits of the society, they can gain skills, contacts and references which will in turn make them successful in the next job they attain.
Explanation:
Answer:
Hey Oppa
Here is ur Ans Below
Economic Growth is important because it is the means by which we can improve the quality of our standard of living . It also enables us to cater for any increases in our population without having to lower our standard of living.
Explanation:
Hey Oppa
Are u Online
Umm...
It's Okay I did Not get the chance to see ur Face this time
But, One day I will get the chance for sure to see...
I will too love to Give u a compliment on it
hahaha
So, It's Okay
"Apna Time Ayega"
*smirks*
Love U Oppa
Keep Smiling
Btw, I was Thinking of Keeping a new Name for u
Is it Okay
if I kept..
I hope u will allow ur Siso to change ur name....
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