India with about 1. Economic growth rate can be measured as an increase in the capacity of an economy to produce goods and services, compared from one period of time to another Investopedia. Many have been looking at the economic growth of the third quarter very disheartened.
There are many reason. Liberalization or the economic reforms marks 25 years this year. Debates continues on whether growth precede or followed liberalization. India has experienced unprecedented growth over the past three decades. However this growth has co-existed with increase in inequality, unemployment across the country as certain regions, sectors and social groups have disproportionately benefitted from the growth.
At least 38 percent in India continue to live below the national poverty lines Ruparelia et. Economic Growth Essay Words 3 Pages. Economic Growth Economic growth refers to the rate of increase in the total production of goods and services within an economy.
Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all.
Gross domestic product GDP is the monetary value of all final goods and services produced over a year. It is the total value of production within the economy. The total value of production is the total value of the final goods or services less the cost of …show more content… Real GDP is measured by the following formula; [ current year quantity x based year price ]. A more reliable measure of economic growth is real GDP per capita; this measurement takes into account both the total production of the nation and the total population.
Real GDP per capita measures the real income per head of the population. Seven factors determine economic growth. Natural resources such as land, mineral deposits, waterways; climatic conditions provide an essential foundation to economic growth.
Combined with the other resources of capital, labor and enterprises, natural resources can be developed and organized to increase the productive capacity if the nation. Consequently the quality and size of the labor force is a major determinant of economic growth. Education and vocational training are essential the growth potential of a nation. The promotion of education and job training schemes increase the knowledge, skills and flexibility of the workforce that contributes to potentially higher levels of productivity and efficiency.
Whether from natural increase or immigration population growth can cause a higher level of economic growth. An increasing population requires increased public spending on housing, education and other social needs while businesses expectations of. Get Access. Women in third world countries have to deal with domestic abuse, discriminatory laws, and the lack of equal employment opportunities.
All these issues lead to women feeling powerless. Education, however, can give them the confidence they need to take control of their lives. As they will be capable of joining the workforce, they will not need to depend on their spouses for every single thing or bear with their oppressive behaviors.
The right kind of education and mentorship will further help females recognize their strengths and take on leadership roles at a young age. Empowering women through education allows them to confidently interact with members of the society around them and may even motivate them to participate in the political process as well. Another significant advantage offered by investing in educating young women is addressing climate change.
One of the most effective strategies which can be used to limit carbon emissions is to control population growth. Research indicates that educating women slows down population growth. In fact, the difference between a woman who has 12 years of schooling and one who has no education is about 4 to 5 children per woman. This basic right needs to be guaranteed, especially in regions where conflicts and emergencies occur. Girls living in countries where violence is the norm are often kept out of schools.
Such regions need to be especially targeted by international efforts. The psychological and social well-being of girls living in such difficult situations depends on those efforts. This is just a simple draft to inspire you. Remember to use the references below to add more information and facts to your essay or else your instructor will be stingy while grading your essay.
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Primary education has been made free and compulsory. Analyze the rise and development of mercantilism in the history of Great Britain. To solidify your ideas, provide persuasive arguments, and appropriate examples of mercantilism. Why does the problem of environmental protection remain unresolved among global economies? International environmental concerns in economics: the case of China. The issue of international criminal justice in industry. Explain why international businesses often avoid criminal justice after wrongdoings.
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International economics in the context of globalization. How does Brexit affect the economy of the European Union? South Africa: international agribusiness, trade, and financing. Investigate the issue of extreme poverty in Mozambique. What are some possible solutions to the problem of poverty? Imbalances in the global economy. Discuss the imbalances between trading countries on the scale of the global economy. What solutions would you suggest to deal with this issue? Etihad Airways company managerial economics.
Labor economics: child labor. The UPS firm perspective: the labor market. Gender inequality of wage rate in modern business. Research how and why gender inequality is still an issue in the modern world of economics. What are some ways to deal with the problem?
Present your ideas accurately and effectively. Provide solid arguments and appropriate examples to prove your position. Labor unions adverse effects on economics. The decrease of the labor force in modern industries. Talk about the rising rates of robotization in the majority of industries.
How will it affect the traditional labor force? Comment on the problem of unemployment caused by labor automatization. Violations of labor rights of workers. Modern labor essay: how can an entrepreneur guarantee the minimum wage to their workers?
How can labor geography help develop a special economic zone? Talk about labor geography and its effects on developing an exclusive economic zone. How does the geopolitical location of a particular country influence its level of economic development?
Entrepreneurship in the organic cosmetics sphere. Gender-oriented labor trade unions. A case study. Discuss the gender-oriented trade unions and analyze their impact on our society. Child labor in the Turkish cotton industry. The connection between economic growth and demography. Analyze the connection between economic growth and its demographic context.
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Discuss revolutionary solutions to the past and problems of modern times. Globalization, urban political economy, and economic restructuring. How do urban areas affect local wildlife? Comment on how modern production technologies in urban areas impact the natural diversity of wildlife. What impact does the rapid economic progress have on the environment? Suggest possible solutions. Urban sociology: does the city make us better people? Why should people be more careful about investing in real estate?
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Performance-enhancing drugs in sports. The business of FIFA: a financial analysis. Investigate the finances of FIFA. What economic factors make them so influential in the modern world of football? The global sports retail industry. The Olympics: logistics and economy. Discuss the logistics behind the Olympics Games event.
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What are the limitations of the Lewis Model? The phenomenon of inflation: inevitable liability or a land of opportunity for our economies? Explore the process of inflation in modern economies. Are there any advantages of inflation? Analyze it from a positive perspective. Economics, business, and sugar in the UK. The shadow economy of the finance sector. Chinese and Japanese business systems comparison. Oil demand and its changes in the XXI century: a critical analysis.
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To what extent do developing countries profit from globalization? Research the subject by comparing various examples. Defining globalization and its effects on current trade. Economic growth as a result of globalization: proper financial strategies.
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