Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
q why does government undertake an economic activity if ever an activity has large externality or spill over and includes a large number of people it
public finance was always dealing with intervention through fiscal instruments including federal relationships between different tiers of governments
the state attempts to oversee as exemplified by art 39 b and c of our constitution that private activities may not cause harm to the common good and
public economics can broadly be understood as that economics which deals withpublic intervention in the economy its domain is supposed to encompass
for a very large part of 20th century we may recall there existed capitalist market-oriented economies and socialist planning-oriented economies
why and how the state should intervene through government apparatusin the economic sphere of the country has been a significant discourse in
the term public economics came into existence only in 1960s however a few titleswith nomenclature such as public finance had already started covering
what is gross national productgross national product gnpit measures the value of output produced through a country is citizens anywhere within the
what do you mean by gross domestic productgross domestic product gdpit measures the value of economic activity which is output produced into the
what are the costs of economic growth economic growth can result also intobull increases within pollution noise and congestionbull unnecessary
how do countries grow economic growth economic growth is attaining by increasingbull quantity of resources by investmentbull quality of resources by
what are the social economic and non economic factorsdevelopment is also a procedure involving change in some social economic and non economic
what is the development process development is measured through outcomes that are development occurs while key indicators of human well-being enhance
what are between material and non-material progress bull material progress considers to as economic growth growth is only one dimension of
can growth arise without development growth is just one feature of development and therefore is an essential but not enough condition for economic
differentiate economic growth and economic developmenteconomic growth is a raise into real gdp gdp is only one dimension of development and therefore
what are un millennium development goals the un millennium development goals mdgsthese are a set of objectives shared through the imf the oecd and
how are the qualitative aspects of development measured development includes the evolution of more safe stable participatory and only societies this
how can an economic development be measuredthe un has developed an extensively accepted set of indices to measure development in opposition to a mix
what are the indicators of development economic development is a complicated multi-dimensional idea preferably each aspect of development needs its
what is the difference between economic growth and economic developmentgrowth is only individual dimension of development economic development is a
what are the potential disadvantages of growththe potential disadvantages of growth are as followsbull raised pollutionbull depletion of non
what are the potential advantages of economic growth the potential advantages of growth includebull more goods and services are accessible to satisfy
why do some countries have a high real per capita income high standard of living within the industrialized nations consider to be largely because of
why do some countries have a low real per capita income low real per capita income considers being largely due low productivity ie output per worker