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Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
The relationship between economic freedom and economic growth is that it's felt that the freer a society is to spend, the freer it is to build and grow.
Between economic growth and democracy, economic growth should come first. When a country is able to develop in terms of the economy, then it becomes easier to embrace democracy.
both are economical changes or scaling up.
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
what is the difference between growth and expansion
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
The relationship between economic freedom and economic growth is that it's felt that the freer a society is to spend, the freer it is to build and grow.
Between economic growth and democracy, economic growth should come first. When a country is able to develop in terms of the economy, then it becomes easier to embrace democracy.
what are the differences between the cdc and who growth charts?
Whta is different between natural growth and overall growth
both are economical changes or scaling up.
look in your textbook
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They are complete opposites. Recession means growth rate is up, employment is down, and inflation is in the making. Prosperity, is the result of economic growth. Wealth is strong, a sort of reconstruction of the government's finale.
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.