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Macroeconomics

Economic Growth and Economic Development: Their Differences and Relationships

Updated on January 23, 2023 · By Ahmad Nasrudin Tag: Development Economics, Economic Development, Economic Growth, Gini Coefficient, Human Development Index

Economic Growth and Economic Development Their Differences and Relationships

Economic growth has a close relationship with economic development. We need economic growth to support economic development because it contributes to increased output and income in the economy, which in turn contributes to prosperity.

Tag: Development Economics, Economic Development, Economic Growth, Gini Coefficient, Human Development Index

Economics

Economic Inequality: Meaning, Causes, How to Measure

Updated on April 11, 2022 · By Ahmad Nasrudin Tag: Development Economics, Economic Inequality

What's it: Economic inequality is the unequal distribution of income and economic opportunities between various groups in society. Inequality is a universal problem. You can see, it happens in all countries. The acute unemployment rate and

Tag: Development Economics, Economic Inequality

Macroeconomics

Economic Development: Meaning, Goals, and Stages

Updated on January 23, 2023 · By Ahmad Nasrudin Tag: Development Economics, Economic Development, Economic Growth, Gini Coefficient, Human Development Index

What's it: Economic development refers to the progress of an economy in terms of quality. It's not just about economic growth. It also talks about the multidimensional aspects of a country, such as increasing per capita income, improving

Tag: Development Economics, Economic Development, Economic Growth, Gini Coefficient, Human Development Index

Macroeconomics

Human Development Index: Indicators, Ranking, Benefits, Limitations

Updated on January 23, 2023 · By Ahmad Nasrudin Tag: Development Economics, Economic Development, Human Development Index, Measuring Development

What's it: Human Development Index (HDI) is an indicator that tells you the country's social and economic development. It considers three dimensions, namely, health, education, and living standards. Importance of the Human Development

Tag: Development Economics, Economic Development, Human Development Index, Measuring Development

Economics

Welfare: Meaning and Explanation

Updated on April 14, 2022 · By Ahmad Nasrudin Tag: Development Economics, Welfare

Welfare refers to the situation of being in a prosperous condition. People prosper when they have sufficient resources for a valuable life. This term also refers to assistance by the state to people who need it, mainly because they do not have

Tag: Development Economics, Welfare

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