Essay Of Economic Growth

Essay Of Economic Growth-67
The main point here is that, regardless of the approach used to connect economic development to human development, the outcome is always the same: economic development aims to improve the well-being of citizens based on different scales of priorities depending on the level of economic enhancement of societies; enhanced economies go over the basic necessities to provide a higher quality of life.Technically, we mean by economic development the increase in per capita income or the increase in national gross product (GNP); it deals with macroeconomic causes of long term economic growth, and microeconomic issues such as the incentives of households and firms.

Some other sectors kept integrating the Moroccan economy for a better development such as telecommunication and gas exploration.

With all this development in the beginning of the 21st century poverty was still there.

The only sector to survive and keep having a success was the agriculture and that had a great impact on the economic development.

Some of the issues that Morocco used to work on and that affected its development were the economic growth; the high rate of unemployment was strongly related to the fact of having a low economic growth.

The HDI measures education and health besides GNP, and so is multi-dimensional.

Essay Of Economic Growth Thesis Sahib - Loved Ones

Another advantage of HDI is that it focuses on the ultimate objective of economic development and not only the means used to reach it.

For instance, an increase in disposable incomes often leads to improvement in health and nutrition among others.

Other people may define economic improvement of social outcomes related to different so called basic necessities such as clean water supply, education, social safety and so on.

Private sector investment plays the most significant role for providing those opportunities and support economic growth; it can be the only machine for economic enhancement with other initiatives to boost investments so that to make people feel they are the most needed.

So this takes part of the action plan of every representative body.

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