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economic growth

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capital accumulation

capital accumulation  

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Overview Page
The process of increasing the stock of capital. This is one of the main sources of economic growth in the short and medium run. Whether capital accumulation can raise long-run growth is not obvious. ...
creative destruction

creative destruction  

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A model of economic growth driven by quality-improving innovations that make old technologies or products obsolete. Current innovations exert a positive externality for future research and ...
demographic transition

demographic transition  

(DTM)An account, but not a complete explanation, of changing rates of fertility, mortality, and natural increase. Four stages may be recognized: in the High Stationary Stage, birth and death rates ...
dependence

dependence  

1 Reliance on another person for financial, emotional, or some other form of support.2 A psychological and sometimes physical state of reliance on a substance, especially on a narcotic drug such as ...
development banks

development banks  

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Financial institutions established by states and private interests, for the particular purpose of promoting economic growth, often having preferential interest-rates and terms of repayment. Examples ...
Economic Convergence and Divergence

Economic Convergence and Divergence  

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Overview Page
Over time economies grow and slow. The analysis of growth differentials can lead to insightful patterns of convergence and divergence of levels of economic performance between regions and countries. ...
economic Development

economic Development  

An economic transformation of a country or a region that leads to the improvement of the well-being and economic capabilities of its residents.
entrepreneur

entrepreneur  

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Overview Page
An individual who undertakes (from the French entreprendre to undertake) to supply a good or service to the market for profit. The entrepreneur will usually invest capital in the business and take on ...
foreign aid

foreign aid  

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Overview Page
The transfer of state resources through loans, grants, or provision of goods, from more to less developed countries, for development or emergency relief purposes. This can be done on a bilateral ...
human capital

human capital  

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The present discounted value of the additional productivity, over and above the product of unskilled labour, of people with skills and qualifications. Human capital may be acquired through explicit ...
inequality

inequality  

The fact of global inequality is not disputed; the world is routinely divided into developed/developing, North/South, more/less/least economically developed, high/medium/low development, and so on. ...
International Energy Agency

International Energy Agency  

(IEA)An intergovernmental organization that was formed in 1973 by major oil‐consuming nations in order to manage the security of energy supply, economic growth, and environmental sustainability ...
laissez-faire economics

laissez-faire economics  

The view that a market economy will perform most efficiently if it is free from government intervention, and is subject only to market forces. This view takes no account of environmental degradation ...
Living Standards

Living Standards  

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Overview Page
By many measures, a revolution in living standards is sweeping the world. Most people today are better fed, clothed, and housed than their predecessors two centuries ago. They are healthier ...
macroeconomics

macroeconomics  

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The macro aspects of economics, concerning the determination of aggregate quantities in the economy. Macroeconomics considers what determines total employment and production, consumption, investment ...
market

market  

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Subject:
History
Market cross a stone cross situated in the marketplace of a British town.market leader the company selling the largest quantity of a particular product.See also bear market at bear2, black market, ...
neoclassical economics

neoclassical economics  

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A branch of economics that studies the allocation of scarce resources between competing uses and users, based on principles of market equilibrium and profit maximization.
neo-Malthusian

neo-Malthusian  

A pessimist view of the relationship between population, economic growth, and resources, based on the ideas of Thomas Malthus, who argued that population growth and economic growth would eventually ...
product innovation

product innovation  

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Overview Page
The development and introduction to the marketplace of a product or service that is changed, improved, or new or new features added to an existing product.
sociology of development

sociology of development  

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Overview Page
The application of social theory and analysis to societies (usually in the Third World) which are undergoing a late transition to capitalist industrialization. It has been particularly concerned with ...

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