--%>
Assignment Help - homework help

Meaning of Economic Development

Question

Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)

Answer

Economic development happens whenever there is sustained growth by planned policymaking leading to an inclusive and all round uplifting of the standard of living. In the context of the game, development happens whenever roads, cities, settlements or ports are built. Now, in order to so and make the development progress on the desired line, the planning by the player is of utmost importance. It also depends upon the judicious use of resource cards and victory points. Furthermore, it is the responsibility of the player to keep track of what is required to keep the development of his hex all round. This includes smart and planned use of the bank to get resources which are required. So there is not point keeping the resources which are not required and not exchanging them with the bank to obtain the resource actually required. Also, trade with other players is important. By trading the player can obtain desired resources from the other player.

Now, by planning the development of the hex properly and keeping an eye on the number of VPs obtained and the requirements for obtaining additional VPs; the player can move towards victory. Here, 10 VPs mean victory. This implies that winning or obtaining 10 VPs is a symbol of victory. Therefore, by developing his region by efficient use of resources and utilizing the available media of exchange effectively; a player can earn more VPs and hence win, leading to economic development.

   Related Questions in Business Economics

  • Q : Define condition when one gain unless

    When no one can gain unless someone else loses, in that case current arrangements are: (w) economically efficient. (x) not optimal. (y) inequitable. (z) the best cure for scarcity. Can someone explain/help me with best solution abo

    		•
  • Q : Super committee failure Question: Some

    Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy?  Do you agree? Answer: The Super committe

    		•
  • Q : Use of human and material resources

    What are the merits of speciality in the use of human and material resources?

    		•
  • Q : Explain about the principle of

    Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat

    		•
  • Q : Requirement of building blocks for a

    Building blocks for a capitalist system consist of: (1) supplies and demands. (2) private property rights. (3) laissez-faire policies. (4) market-determined outputs and prices. (5) All of the above. Please guys hel

    		•
  • Q : What do you mean by Shuffling the Deck

    What do you mean by Shuffling the Deck?

    		•
  • Q : Opportunity Cost Opportunity Cost :

    Opportunity Cost:Whenever you select a particular alternative, the next best alternative should be given up. For illustration, when you desire to watch cricket highlights in T.V., you should

    		•
  • Q : Current Account captures international

    Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general

    		•
  • Q : Competition among buyers and sellers is

    Illustrate Competition among buyers and sellers is a controlling mechanism?

    		•
  • Q : Millions of economic resources tend to

    What explains why millions of economic resources tend to get arranged logically and productively rather than haphazard and unproductively?

    		•