economic development

Latin American experience shows that political democracy and economic development reinforce each other. Discuss.

Leave a Comment / MPSE-002 /

Introduction The relationship between political democracy and economic development has long been debated by scholars. In the case of Latin America, history shows that the two are closely interconnected. Periods of democratic growth often encouraged economic reforms, while economic development created conditions for stable democracy. However, Latin America has also experienced tensions, with inequality, authoritarianism, […]

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Distinguish between economic development and economic growth. Explain factors influencing economic development.

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Introduction Economic development and economic growth are two interrelated yet distinct concepts in the field of economics and development studies. While they are often used interchangeably, they differ in scope, focus, and impact on society. Understanding the difference between the two is essential for planning and evaluating a country’s progress. Economic Growth vs. Economic Development

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MDV-101 Assignment Answer Links – IGNOU 2024-25

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MDV-101: Assignment 1 – Answer Index Here are the full answers to the MDV-101 Tutor Marked Assignment for the academic year 2024–25. Each answer is written in easy-to-understand language and meets IGNOU’s expected quality and word count requirements. What is economic development? Discuss different measures of economic development. Critically discuss Solow’s growth model. What are

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What is economic development? Discuss different measures of economic development.

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Introduction Economic development refers to the process through which a country improves the economic, political, and social well-being of its people. It is not just about increasing income levels but also about reducing poverty, creating jobs, improving health and education, and ensuring sustainable growth. Economic development is a broader concept than economic growth, which only

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Describe the major differences between ‘economic growth’ and ‘economic development’.

Leave a Comment / MDE-417 /

Introduction In economics, the terms ‘economic growth’ and ‘economic development’ are often used interchangeably, but they have different meanings and implications. While both are related to the progress of a country, their scope, measurement, and impact vary significantly. In the context of distance education and national planning, understanding these two concepts helps in aligning educational

Describe the major differences between ‘economic growth’ and ‘economic development’. Read More »

Social, economic and cultural dimensions

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Introduction Societies are complex systems made up of different but interconnected parts. The social, economic, and cultural dimensions are key aspects that shape how people live, interact, and grow. Understanding these dimensions helps us analyze society and work toward inclusive development. Social Dimension The social dimension refers to how people interact with one another within

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Distinguish between economic growth and economic Development. Explain with illustration how economic development is a better measure of economic welfare.

Leave a Comment / MEC-205 /

Introduction Economic growth and economic development are two important but distinct concepts in economics. While both relate to improvements in the economy, they differ in scope, measurement, and impact on people’s lives. This answer will explain the difference between the two and illustrate why economic development is a more comprehensive and better measure of economic

Distinguish between economic growth and economic Development. Explain with illustration how economic development is a better measure of economic welfare. Read More »

MEC-104: Economics of Growth and Development – Solved Assignment 2024-25 (All Questions Answered)

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IGNOU MEC-104: Economics of Growth and Development – Solved Assignment 2024-25 Below is the complete set of answers for the Tutor Marked Assignment (TMA) for MEC-104, valid for the academic year 2024-25. Each question has been answered in a detailed yet simple manner, suitable for students from all backgrounds. Explain how the Solow model differs

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What impact do geographical factors have on economic development?

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Introduction Geography plays a fundamental role in shaping the economic development of nations. While technology, institutions, and human capital are critical, geographical factors such as location, climate, natural resources, and terrain significantly influence a country’s ability to grow and develop. This answer explores the major geographical factors and their impact on development. 1. Climate and

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Distinguish between economic growth and development. Briefly mention the main benefits that economic growth confers upon society.

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Introduction In economics, the terms “economic growth” and “economic development” are often used interchangeably, but they represent different concepts. While growth refers to quantitative changes in an economy’s output, development encompasses qualitative changes that improve people’s living standards. This answer explores the key differences between these concepts and outlines the major benefits that economic growth

Distinguish between economic growth and development. Briefly mention the main benefits that economic growth confers upon society. Read More »

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