Nowadays the development in all perspectives and ways, is the main focus in our society. We live in a society that has been constructed with an economic system. We buy, consume, sell, etc. Almost everything is part of a trade cycle, almost everything is part of the economy of a country. A good economy is sign of development. The economic growth of a country is essential for developing countries. A developing country, also called a less developed country or underdeveloped country, is a nation with
The Influence of Innovations on the Economic Growth While analyzing impact of innovation activity on the economy as a whole, it should be emphasized that the significance of a given issue was first revealed in the 20th century. Thanks to the rapid development of technologies and globalization, which promoted industrialization and knowledge exchange, the researchers concluded that the correlation of economic growth and prosperity and the innovation activity is rather high. There are
structural factors influence economic development but depending on the political regime. Some of these factors can play strong and key role in determining ruler’s policy choices in improving and advancing national wealth and creating economic development in one regime but becomes less relevant in the other. This section have carefully explored and explained these structural factors. Structural Factors That Affects Economic Development in Dictatorial Regimes There are several structural factors that affect
Indicators of economic development and socio-economic factors influencing their growth The subject of this research paper implies that regions develop unevenly under the influence of same socio-economic factors. Therefore, it is necessary to first determine the indicators, which would reflect the level of economic development of the region, as well as factors that may affect the level of economic development of the region. Indicators of economic development of the region. In different interpretations
With the development of urbanization and industrialization in China, the level of city economics is improved constantly, the contradiction between limited supply of land resource and unlimited demand of economics becomes more and more extruded (Sun 2012) Regional economic development differences are expanding as well, which is restricted the sustainable development of land economics. Land economic density is an important index to measure the land utilization efficiency and urban economic development
HISTORICAL APPROACHES TO DEVELOPMENT 2.1.1 What is Development? Development is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components. The purpose of development is a rise in the level and quality of life of the population, and the creation or expansion of local regional income and employment opportunities, without damaging the resources of the environment. Development is visible and useful, not
INTRODUCTION: Economics is the way in which society allocates its scarce resources among alternative uses and the consequences of these decisions. The area of the inquiry deal with a varied range of topics such as international trade, domestic and international financial systems ,labor market analysis, and the study of les developed economy. Broadly speaking the goal of economics to anayltically about social issues and ,as such, provide a solid foundation for not only further study and careers
important role of energy in economic growth and development highlighting the use of energy in production. 2.1 Energy Consumption & Economic Growth Various literatures, have established a relationship between energy supply, its consumption and economic growth with respect to developing and developed countries. From each of these papers, it can be conveniently established from the cases studied that an adequate and reliable supply of energy is a prerequisite for development (Shallgram Pokharel; 2001)
past, globalization was sometimes primarily concentrated on the economic side of the world, such as trade, foreign direct investment and international capital flows. Globalization has a great worldwide effect on the banking industry in any country. Whereby, the economic effect of globalization on the Banking Industry may be positive and negative as well. A political factor plays an important role in any business. There are some factors that the political include: tax policies, stability of government
Entrepreneurship and Measures of Firm Entrepreneurship Activity The main hypothesis of the economic theory of entrepreneurship is that in the economy firm entrepreneurship contributes to production through the combination of the existing productive factors. Innovation and firm entrepreneurship are found to have positive economic effects mainly in terms of employment opportunities, taxation revenues and economic output. The measurements of these positive effects provide the basis of international comparisons