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xenn [34]
3 years ago
14

COMPARE AND CONTRAST: Monarchy government and Oligarchy government.

Social Studies
1 answer:
cupoosta [38]3 years ago
6 0

Answer:

Explanation:

Monarchy: Is a form of government in a state is ruled by an individual who typically inherits the throne by birth

Oligarchy: Is a form of power structure in which power effectively rests with a small number of people.

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Franklin D. Roosevelt

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The Solow Growth Model describes or analyses economic growth based on labor growth, increase in  productivity and capital accumulation that occur at a long run, that is over a period of time.

In this case, the country with the higher saving rates[ capital accumulation], will definitely have a lower level of output per person, and the same growth rate with the other country over a long period of time as explained by the Solow growth model.

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