Define the following: i) Economics development and technology have a direct relation. ii) How human capital plays an important role in economic development.
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Define the following:
i) Economics development and technology have a direct relation.
ii) How human capital plays an important role in economic development.
Step by step
Solved in 4 steps
- Explain the term economic development and how is economic development measured?Explain what we mean with economic development and then discuss the relation between GDP/capita and development.Meier recognizes these as secondary goals for achieving economic development: Select one: a. An increase in real per capita income and economic diversification b. A reduction in Poverty and income inequality c. A reduction in unemployment and crime and violence d. An improvement in environmental condition
- Which of the following is an important objectives of economic development? I. To increase the availability and fulfil the basic needs. II. Slow-paced of human capital development (education, health, food, shelter and protection). III. To enhance material well-being, and generate greater individual self- esteem. IV. Increase level of poverty. V. Betterment of education. A.I, III, and IV B.I, III, and V C.I, II, III and V D.II, III and IVWhich of the following is not an example of economic development? A. Improvement of human development b. Availability of science and technology inventions for public use C. Shut down of international flights D. Philippines being the food basket of Asia.What role does population growth play in economic development?
- Differentiate between Economic growth and Economic developmentFrom the following concept of Economic Development Concept, choose one topic and explain its significance in attaining economic development for our country: Measuring the National Income Account Measuring the Cost of Living Production and Growth Savings, Investment, and the financial System. NO TO PLAGIARISMDiscuss the three core values of economic development.
