The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
Answer;
The three are;
1.justices is plainly giving back what is deserved.
<span>2. justices is interest of "strong,, governing parties". </span>
<span>3. "it is social necessity weak, but not valuable once one becomes strong."
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Explanation;
<span>According to Plato, justice does not depend upon a chance, convention or upon external force. It is the right condition of the human soul by the very nature of man when seen in the fullness of his environment.He criticized strongly the conventional ideas of Justice presented differently by Cephalus, Polymarchus, Thrasymachus and Glaucon, and gave his own theory of justice.
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Answer:
Environmental interest groups are critical to the conservation and protection of environmental resources. They play an essential role in the public policy process by bringing attention to environmental issues, building support for change, and lobbying for new laws.
Explanation:
