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sineoko [7]
3 years ago
10

What is the difference between economic growth and economic development? Describe two basic ways that economic growth can be acc

omplished.
Business
1 answer:
sattari [20]3 years ago
7 0

Answer: Economic growth is a quantitative factor while economic development is a qualitative factor.

Explanation: The increase in the output in an economy, in respect of real terms, in a particular time period which is generally a year, is called economic growth. Whereas economic development is a broad term which involves factors like living standard of the population and advancement in technology.

Economic growth can be accomplished by advancing the technology or making human capital skilled enough to perform superior activities.

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Henrietta Marston plans to retire in the year 2050. She is considering a fund that will be more aggressive now and become more c
nadya68 [22]

Atnswer:

b. lifecycle fund

Explanation:

as from now to 2050 are still remaining 31 years, the money invested is able to go under different risk profiles, looking for getting the maximun return, the lifecycle fund is an excellent choice, it is because this kind of strategies changes according the risk of its costumer changes. it is expected to have during the first years a high exposition to risk such as equity or derivatives, and the more age of the costumer the lower risk profile, so the closer to 2050 the more expected investment into low risk assets, such as fixed income (this is made for having the less losses possible)

7 0
3 years ago
In your opinion, why is training vital to the success of any organization? What is the potential impact of lack of effective tra
katen-ka-za [31]

Answer/Explanation

Training allows the organization members to grow their knowledge base and improve their job skills to become more effective. Without training, there will be despondent employees, higher employment turnovers, low production rates, an unsafe working environment, abortive staff management, increased expenses, and loss of customers.

I hope this helps

8 0
3 years ago
. In the trade scenario in problem 1, due to overfishing, Norway becomes unable to catch the quantity of fish that it could in p
FrozenT [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
The sales manager is convinced that a 11% reduction in the selling price, combined with a $65,000 increase in advertising, would
Zarrin [17]

Answer:

net income increase of 11.25%

Explanation:

If the price p is reduced a 11% means that new price will be p(1-0.11)

New price = 0.89p

The new quantities demandes will increase a 25%, this means that the new quantities will be Q*(1+.025) = 1.25Q

So, the net income under this new circunstances will be

1.25 Q * 0.89P = 1.1125 P*Q

This means a net income increase of 11.25%

8 0
3 years ago
According to Forbes, how much did the naming rights for the 122 teams in the four major U.S. professional sports leagues earn fo
Luden [163]
It is 187 million in 2009
7 0
3 years ago
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