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Economics A Level (DONEEEEEEE)

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Pregunta:

Why is Economic Growth easy to Define, but not Economic Development?

Autor: eric_galvao



Respuesta:

-Econ Growth just is an Increase in the size of the nation's GDP -Econ Development is a Normative Concept and requires Value Judgements on what would make a more Developed Nation. The Aim is to Measure how Living Standards and Peoples General Welfare Changes over Time


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