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bagirrra123 [75]
3 years ago
7

Economic growth is a

History
1 answer:
faltersainse [42]3 years ago
4 0

Economic growth is a  Continual increase in the nation's production of goods and services

<u>Explanation:</u>

The meaning of the term economic growth is increase in the capacity of the economy to grow more goods and services. And to utilise the resources in a more efficient and effective way which reduces the wastage of the resources to the minimal.

And also produces the goods with the best method leading to the reduction of the cost of production of these goods and services. All this leads to the growth of the economy and reach better heights and have better opportunities for the people.

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• Warm, humid summers and cold snowy winters
• Short growing season plus cold made farming difficult.
• Clear, fast rivers
• Coastline full of bays.
• Cities develop near rivers and bays.
• Cities develop as trading centers.
• People begin to use waterpower to run factories.</span><span>Climate and Geography<span>
• Warm and sunny with long summers, mild winters. Lots of rain.
• Climate ideal for agriculture.
• Fertile soil ideal for growing crops.</span></span></span><span><span>Population
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• Irish, German, and other Europeans mostly settle in North.</span><span>Population
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• 1/3 of the population were slaves.
• Most southerners lived on small farms.
• Only 1/4 of farmers owned slaves.
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(Self-sufficient means being able to supply all of your needs.)</span></span><span><span><span>Economy
</span>• The economy of the North was based on manufacturing.
• Many immigrants from Europe began working in factories and producing goods used by people in the North.
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• More slaves were now needed to pick the cotton.
• Slavery became essential to the South’s economy.</span></span><span><span>Culture
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• Both religion and education were organized. 
• There were schools and churches in most towns.
• Very few boys, and almost no girls went on to secondary school.
• College was reserved for the wealthy.</span><span>Culture
• The culture of the South was determined by the upper class plantation owners and their families.
• Only children of plantation owners received any education.
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• The culture of the South revolved around plantation life.</span></span><span><span>Transportation
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• The Erie Canal was a huge success.
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• 30,000 miles of track was laid by 1850.
• Canals and railroads allowed northern businesses to grow.</span><span>Transportation
• The South was still dependent on the steamship.
• Railroads existed, but far less than in the North.</span></span></span>

 

 

4 0
3 years ago
Read 2 more answers
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