1
Q
What is economic growth
A
Occurs when there’s an increase in production of good and services in a country
2
Q
What is economic development
A
Broader than economic growth, indicates distribution of economic growth like income and healthcare
Main indicator: HDI
3
Q
What is an economic policy of growth and development
A
Cause of action by government to achieve goals
4
Q
Give 2 economic policies to achieve growth and development
A
Demand side approach (more demand)
Supply side approach (increase supply)
Economics P1: Growth And Development
flashcards
Decks in class (6)
# Cards
