Question

What is essential for the economic development

Answer 1

technology

skilled human resources

health care facilities

continuous development

well educationfor youth

Answer 2

We define economic growth in an economy by an outward shift in its Production Possibility Curve (PPC). Economic growth is measured by the increase in a country’s total output or real Gross Domestic Product (GDP) or Gross National Product (GNP). The Gross Domestic Product (GDP) of a country is the total value of all final goods and services produced within a country over a period of time. Therefore an increase in GDP is the increase in a country’s production.GDP is very important for economic development of country....

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