In lay terms, it refers to the increase in the quantity of services and goods that an economy produces over time (Jones, 2002). It is also defined as the enduring expansion of the economy’s productive potential (Jones, 2002). It…
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Each of these measures has its share of advantages and disadvantages.
Every government strives to see that its jurisdiction records positive economic growth with as high a magnitude as possible. For every economy, growth is important as it is associated with several benefits. Some of the benefits associated with economic growth include: higher living standards, higher employment, higher fiscal dividend, business confidence and growth, and accelerated investment according to Jones (2002). Economists believe that two key factors drive economic growth; the level of technology and amount of capital per hour worked (Jones, 2002). This being the case, there are a number of measures that can be effected to boost economic growth. Some of these include investing more in capital goods, creating employment, using technology to increase productive capacity, improved education, increasing saving, and limiting consumption spending.
Different economies have different growth rates due to a variety of factors as stated by Jones (2002). World Bank statistics (year 2011) indicate that the United States of America has an economic growth rate of 1.7% (World Bank, 2012). The United Kingdom which is also a major player in the global scene has a lower economic growth rate, placed at 0.7%. One of the countries with a high economic growth rate is Argentina, at 8.9%. Other economies with impressive growth rates include Timor-Leste (10.6%), Turkmenistan (9.9%), China (9.3%), Mongolia (17.3%), and Qatar 18.8% (World Bank, 2012). From the statistics provided above, it is clear that Qatar has the most impressive record of economic growth currently.
Some of the countries with the lowest economic growth rates include: Croatia (0.0%), Ireland (-0.7%), Cote d’Ivore (-4.7%), Sudan (-4.9%), Greece (-6.9%), and Yemen (-10.5%) according to World Bank
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It is the beginning point whereby senior management determines what strategies will align the company goals with its vision and values. SWOTS, PEST are some of the tool employed. Strategic management on the other hand, entails specifying organization’s mission and vision, goals, objectives, values, roles and responsibilities of the organization.
mpetition and money involved in the success associated with sports, there is the strong temptation to indulge in the use of performance enhancing drugs to gain the required edge and be a part of fame and financial gain that success in sports brings.
The use of performance
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Similarly who will decide in which category to place high speed photography?
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would be on Sean O’Keefe, the administrator charged with ensuring that the National Aeronautics and Space Administration, NASA returns to Moon and further go to Mars during his 2001 to 2005 tenure (Lambright, 2008). NASA is an American government agency responsible for its
Electoral College is an organization responsible for the election of the President and Vice President in the United States of America. It means that plain citizens can’t take part in these elections, the President and Vice President are elected by the people who are
about nurses and the use of social media, I have come to realize that any posts on social media that I make concerning my patients regardless of just how innocent they might be or how private I might perceive them to be can actually result in my infringing of patient
This highlights the need for using the information technology in a manner that safeguards patient confidentiality. Given the ability of multiple accesses, the confidentiality of the patient falls at risk. Exposure of such