Political Science, asked by kaur2726, 11 months ago

what was economic and social progress ​

Answers

Answered by ashokmukhiya044
3

Answer:

An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

The three competing theories for economic contractions are: 1) the Keynesian, 2) the Friedmanite, and 3) the Fisherian.

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.

Social progress is defined as the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance and sustain the quality of their lives, and create the conditions for all individuals to reach their full potential.

Inclusive growth requires both economic and social progress. ... Drawing on 52 indicators of a country's social performance, the SPI offers a practical tool for government and business leaders to benchmark country performance and prioritize those areas where social improvement is most needed.

Explanation:

Answered by vinitharajnair
1

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