--%>

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 : Problem regarding supplies-demands and

    The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer: (1) demand fell to D1 from the perspectives of beer dealers. (2) co

  • Q : Problem regarding private firms I have

    I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie

  • Q : Theories of capital structure Write

    Write down the theories of capital structure?

  • Q : What are the major provisions of GATT

    What are the major provisions of GATT

  • Q : Explain the Market System Specialization

    Explain the Market System Specialization?

  • Q : Public policies for low-income Fuel

    Fuel stamp programs which subsidize heating oil purchases through low-income households encourage those families to: (w) create more income by working. (x) particularly conserve on their use of fuel. (y) live along with less purchasing power. (z) subs

  • Q : Self-interest theory demonstration by

    The model of _____ was demonstrated by _____ along with the quote, “The loss of a small finger would remain the average European by sleeping which night, ... but, given he never observed them, he will snore with the most profound security over the loss of millio

  • Q : Expansion of preschool programs for

    Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?

  • Q : Affects the location of the production

    Explain how, if at all, each of the following affects the location of the production possibilities curve?

  • Q : Married men on average earn more income

    Studies indicate that married men on average earn more income than unmarried men of the same age?