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Sauron [17]
3 years ago
12

Define an expansion and economic growth and explain the difference between the two concepts

History
1 answer:
ehidna [41]3 years ago
6 0

Answer:

Explanation:

Expansion is periods when output from an economy and employment are rising. Expansion gives room for growth an development and also economic upturns.

Economic growth is an increase in the amount of goods produced as well as services that an economy produce.

Economic growth is indicated by an increase beyond the maximum that an economy was producing before.

Expansion will occur when there is an increase in production potential for a long term, it terminates when the production reduces while economic growth sustains the economy ability to produce more goods and also services for a long term.

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Answer:The United States felt obligated, through the dollar diplomacy, to uphold economic and political stability. Taft's dollar diplomacy not only allowed the United States to gain financially from countries, but also restrained other foreign countries from reaping any sort of financial gain.

Explanation:

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2 years ago
Scarcity is the basic economic condition that results from society's not having enough resources to produce all the things peopl
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Answer:

Society's economic system determines the way a society allocates it's scarce resources to produce goods and services.

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For a candlestick used for the festival of light is
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