Economic growth can only be seen when there is an increase in quality and quantity of the factors of production so clearly it is a function of these factors. The purpose of economic organization – including all labor – is to create things that people value. Economic growth occurs when more and cheaper goods can be created.
Direct and representative democracies are two types of democracies.<span> They represent two types of governmental structures, while a presidential democracy is the third type that exists.</span>
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The process by which a highly developed population's rate of growth will stabilize is called Demographic Transition. Demographic transition is a model that describes the change in population over time. It is the transition in the birth and death rates over the past two hundred years.
The correct answer is <span>increased due to decreasing tax rates for the wealthy and stagnating salaries for the middle class
Most of the wages have only slightly increased while the earnings and wealth of the upper class and the big elites had increased drastically because of many tax cuts. People believed that through tax cuts the people would get more money because the companies could give them higher salaries, but it backfired as big companies hoarded extra money.</span>
