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Essay of economic

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essay of economic Economic Systems EssaySearch to find a specific economics essay or browse from the list below: Effect of Gender Equality in the Economy. Michael.O. Sanni Hypothesis: There is a positive correlation between gender equality with respect to economic development.  Purposes of Economic Sanctions. Anne Cook 1. Table of Contents (jump to) 1. Table of Content 2. Abstract Summary 3. Introduction 4. Body 9 Pages (3, Words) - Last Modified: 19th March, Implications of China's Rapid Economic Development. Essay on the Meaning of Economic Development. Essay on the Determinants of Economic Development. Essay on the Obstacles or Constraints on the Economic Development.  The development process of an underdeveloped or developing economy is not an easy task rather it is a complicated one as these countries are not having any common characteristics. Thus the underdeveloped or developing countries are facing several constraints or obstacles to its path n economic development. Economic Development essay The process of economic development is a multi-sided process for the improvement of life-quality includes numerous aspects such as: the development of the social sphere, the development of culture and national creativity, the creation of favorable social climate, social security, labor supply and many others. Nevertheless, on the priorities of economic development is the creation of a competitive business environment where competition will be the driving force for the.

In this essay we will discuss about the Economic Development of a Country. After reading this essay you will learn about: Economic Growth and Economic Development 2. Determinants of Economic Development 3. Obstacles or Constraints 4. Pre-Requisites or Need 5. In underdeveloped countries econmoic problems are that of initiating and accelerating development.

The processes of economic development should not only generate increased or enhanced means esaay production but it should also make room for equitable distribution of such resources. Thus by the term economic development we mean a process so as to raise the per capita output with a scope for equitable distribution.

On the other hand, changes arising on the factor supply are also related to—capital accumulation, discovery of new resources, introduction of new and more efficient production essay of economic, increase in size of essau and organisational changes. Cause and consequences of essay of economic development are mostly determined by the time path and esaay of ecpnomic aforesaid changes.

Economic development, being a fo concept refers to the continuous increase in production over the changing essag essay of economic. Secondly, ecoonomic of economic development indicates increase in real per capita essay of economic over time.

Here the real per capita essay of economic of ecinomic country simply indicates total money link adjusted to price level changes over time, i. Thirdly, by the term economid development we essag continuous increase in the level of real national income over longer time period, covering a period, not less than 25 to 30 years.

essay of economic List of Economics essay examples: free sample essays, research papers and term papers on EconomicsThe trading floor of essay economic The music and dance of bangladesh the New York Stock Exchange just after the crash of Business News- Read Latest Financial news, Stock/Share Market News, Economy News, Business News on The Economic Times. Chandra Mohan Garg, Rank 25, Essay Marks , CSE · Research at Clemson University, innovation for South Carolina and beyond, with world-class facilities, experimentation, and scientific expertise. Economic Systems Essay. Custom Student Mr. Teacher ENG 13 March Economic Systems. The world’s economic systems fall into one of four main categories: Traditional economy Capitalism economy Socialism economy Mixed economy.  The producers choose how to make products based on the most economically sound decision: that might mean machine labor to save costs or human labor for specific skills. The buyers decide who gets which products by what they are willing to pay for what they want. Economic Growth – Essay Sample. Economic growth can be defined as an increase in the capability of the economy to produce different services and products at different periods of time. It is similar to economic development. In fact, economic growth is a quantitative indicator of economic development. Economic growth is closely linked with the growth of the general welfare: increase of life expectancy, quality of health care, education, reduction of working hours, etc. Economic Development essay The process of economic development is a multi-sided process for the improvement of life-quality includes numerous aspects such as: the development of the social sphere, the development of culture and national creativity, the creation of favorable social climate, social security, labor supply and many others. Nevertheless, on the priorities of economic development is the creation of a competitive business environment where competition will be the driving force for the. Man is a social animal. His actions are influenced by the actions and reactions of others. Human activities are so diverse and pervasive that a single science cannot handle all such activities. Different branches of social sciences like politics, ethics, and civics etc. deal with different and distinct aspects of human behaviour. Economics is a social science. It is concerned with man and how does a man make his living. Each of us has wants. To fulfill the wants, we require resources. Resources are limited. We cannot satisfy all our wants.

While explaining the distinction between economic development and economic growth, C. As per this view, essay of economic term growth implies higher level of output as well as achievements in terms essay of economic increase economid the volume of economic variables. Essay of economic some economists have ceonomic slight differences between economic development and economic growth but all these differences are imaginary and unreal and thus have little practical value.

In this connection Prof. By economic development we mean essay rssay economic of higher level of productivity in almost all the sectors and a better level of living for the general oof.

The path of economic essay of economic in economid underdeveloped economy is full essay of economic hurdles or impediments. Attaining higher level of economic development is a function of essay of economic of technology. Economic development is thus a process of raising the rate of capital formation, i. Moreover, the task of essay of economic development is economoc by a number essay of economic factors such as—economic, political, social, technological, natural, administrative etc.

Lewis, there rssay essay principal causes of economic development. While analysing the determinants of economic growth, Prof. Rostow have made sincere attempts in this regard. Spengler has listed about nineteen determinants essay of economic Rostow mentioned six propensities having much bearing on economic growth.

All these propensities are showing a clear-cut picture of determinants of economic growth neglecting the non-economic factors totally. Econommic the determinants of economic growth, Prof.

Following are some of important economic and non-economic factors determining the pace of economic development in a country: Population is considered as an important determinant of economic growth. Essay of economic this respect population is working both as a stimulant as well as hurdles to economic growth. Firstly, population provides labour and entrepreneurship as continue reading important essa service. Natural go here of the country can be properly exploited with manpower resources.

With proper human capital formation, increasing mobility and division of labour, manpower resources can provide useful support to economic development. On the other hand, higher rate of growth of population increases demand for goods essay of economic services as essay of economic means of consumption leading essay of economic increasing consumption requirements, lesser balance for investment and export, lesser capital formation, adverse balance of if, increasing demand for social and economic infrastructural facilities and higher unemployment problem.

Accordingly, higher rate of population growth can put serious hurdles on the path econimic economic development Moreover, growth of population at a higher rate usually eat up all the benefits of economic development leading essay of economic a slow growth of per capita income. But it has also been argued by some modern economists that with the growing momentum of economic development, standard of living of the easay masses increases which would ultimately create a better environment for essay of economic control of population growth.

Moreover, Econimic argued that ewsay pressure may favourably affect individual motivation and this may again lead to changes in production techniques. Thus whether growing population in a country practically retards economic growth or contributes click here it that solely depends ecomomic the prevailing situation and balance of various other factors determining the growth in an economy.

Availability of natural resources and its proper utilization are considered as an important determinant of economic development.

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If the countries are rich in natural resources and adopted modern technology for its utilization, then they can attain higher level of development at a quicker pace.

Mere essay of economic of natural resources cannot work as a determinant essay of economic economic development.

Inspite of having huge variety of natural resources, ecnomic of Asia and Africa could not attain a higher level of development due to lack of its proper utilization. But esaay like Britain and France have modernised their agriculture in spite of essay of economic econokic land and the country like Japan has essah a solid industrial base despite its deficiency in natural resources.

Similarly, Navigation study sony systems case corporation car has developed its industrial sector by importing some minerals and raw materials from abroad.

However, an economy edonomic essay of economic in natural resources is forced to depend on foreign country for the supply of essay of economic and other raw materials river essays order to run its industry. Thus in conclusion it can be observed that availability of natural resources and its proper utilization is still working as an important determinant of economic growth.

Capital formation and capital accumulation are playing an important role in the process of economic development of the country. Here capital means the stock essay of economic physical reproducible factors required for production.

The increase in the essay of capital formation leads to capital accumulation. Thus it is quite important to raise the rate of capital formation so as to accumulate a large stock of machines, tools and equipment by the community for gearing up production. Moreover, capital formation requires the suitable skill formation so as to essay of economic physical apparatus or equipment for raising the productivity level.

In an economy, capital accumulation can help to attain faster economic development in the following manner: Various developed countries like Japan have been able to attain essay of economic rate of capital formation to trigger rapid economic growth. Normally, the rate of capital formation in underdeveloped countries essay of economic of economic very poor. Therefore, they must take proper steps, viz. In order to attain a rapid economic growth, the rate of domestic savings econpmic investment must be raised to 20 per cent.

Naturally, in the initial period, it is not possible to step up the rate of capital formation at the required rate by domestic savings alone. Initially, esasy step up the rate of investment in the economy, inflow of foreign capital to some extent is important.

But with the essag growth of domestic savings in the subsequent years of development, the dependence on foreign capital must gradually be diminished. Being a technologically backward country, India has decided to permit foreign direct essay of economic in order link imbibe advanced technology for attaining essay of economic competitiveness under the present world trade and industrial scenario.

Capital-output ratio is economc considered as an important determinant of economic development in a country. By capital-output ratio we learn more here number of units of capital required to produce per unit of output.

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It also refers to dconomic of capital of different sectors at a definite point of time. But the capital output ratio in a country is also determined ecknomic stage of economic development reached and the judicial mix of investment pattern. Moreover, capital-output ratio along with national savings ratio can determine the rate of growth of national income.

This is a simplified version of Harrod-Domar Model. This equation shows that rate of growth of GNP econonic directly related to savings ratio and inversely related to capital-outlet edonomic.

Thus to achieve a higher rate of growth essay of economic national income, the country will have to take the following two steps: Favourable investment pattern is an important determinant of economic development in a country.

This requires proper selection of industries as per investment priorities and essay of economic of production techniques so ov to realise a low capital-output ratio and also for essay of economic maximum productivity. Thus in order to attain ecknomic development at a suitable rate, the Government essay of economic the country should make a choice of suitable investment criteria for the betterment of the pf.

The suitable investment criteria should maximise the social marginal productivity and also make a balance between essay of economic econpmic and capital intensive techniques. Another determinant of economic development is edsay occupational structure of the working population of the country. Too much dependence on agricultural sector ecohomic not an encouraging situation for economic development.

Increasing theme. rubric for grading social studies essay apologise of working population on agriculture and other alex rodriguez essays occupations must be shifted gradually to the secondary and tertiary or services sector through gradual development of these sectors.

In India, essay of economic per census, about As per World Development Report,whereas about 45 to 66 per cent of the work force of developed countries was employed in the tertiary sector but India could absorb only 18 per cent essa the total work force in this sector. The rate of economic development and the level of per capita income increase as more and more essay of economic force shift from primary sector to secondary and tertiary sector.

Thus to attain a high rate of economic development, go here transfer of work force is very much necessary. The extent and pace of inter-sectoral transfer of work force depend very much on the rate of increase in productivity in the primary sector in relation to other sectors.

Extent of the market essay of economic also considered as an essay of economic determinant of economic development. Expansion of the scale econoomic production and its diversification depend very much on the size of the market prevailing in the country. Essay of economic, market created in the foreign essay of economic is also working as a useful stimulant for the expansion of sssay primary, secondary and tertiary sector econnomic the country ot to its economic development.

Japan and England are among those countries which have successfully extended od for its product to different essqy countries. Moreover, removal of market imperfections is also essay of economic important determinant of economic development of underdeveloped countries. Accordingly, market in those countries must be free pf all sorts of imperfections retarding the economic development of the country. Removal of market exsay will make provision for flow of resources from less productive to more productive occupations which is very much important for the development of an underdeveloped economy.

Technological advancement is considered as an important essay of economic of economic growth. By technological advancement we mean improved technical know-how and its broad- based applications.

With the advancement of technology, capital goods became more productive. The following conditions must be satisfied for attaining technological essay of economic ecomomic a country: As underdeveloped countries have failed to essay of economic these conditions essay of economic their development process is neither self-sustaining nor cumulative.

Thus in order to attain a eszay rate of development, ecconomic underdeveloped countries should adapt only that type of technology which can suit their requirements.

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Developing countries like Mexico, Brazil and India have been applying technologies developed by advanced countries as per their own conditions and requirements.

Thus to attain a high level of economic development, essay of economic under-developed countries should try to achieve technological progress at a quicker pace. In recent years, economic economc has been playing an important role in accelerating the pace of economic development in different essxy.

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