Measurement of growth- Write short notes.
Answers
Answered by
0
•HUMAN CAPITAL
Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural and psychological complexity as they interact in explicit and/or economic transactions. Many theories explicitly connect investment in human capital development to education, and the role of human capital in economic development, productivity growth, and innovation has frequently been cited as a justification for government subsidies for education and job skills training.
• ECONOMIC GROWTH
Economic growth is the increase in theamount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]Growth is usually calculated in real terms i.e., inflation-adjusted terms to eliminate the distorting effect of inflation on the price of goods produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment".
Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural and psychological complexity as they interact in explicit and/or economic transactions. Many theories explicitly connect investment in human capital development to education, and the role of human capital in economic development, productivity growth, and innovation has frequently been cited as a justification for government subsidies for education and job skills training.
• ECONOMIC GROWTH
Economic growth is the increase in theamount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.[1]Growth is usually calculated in real terms i.e., inflation-adjusted terms to eliminate the distorting effect of inflation on the price of goods produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment".
Answered by
0
Answer:
Increase in size of number of cells during the lifespan of an organism
Explanation:
Growth refers to increase in cell size and its number during the lifespan of an organism.Plants and animals keeps on growing until it attains an adulthood.Growth of an organism mainly based on cell division.The entire body cells of an organism keeps on growing as in human embryo.Increase in growth rate is the ability to adapt to its environment.The embryo undergoes a series of cell division without affecting the growth periods,divides into many number of small cells..The gradual increase in size and number of animals and plants..To determine the growth rate (r) by the size of a population.
Similar questions