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Showing posts with label livings standard. Show all posts
Showing posts with label livings standard. Show all posts

07/04/2015

An Economics – Growth and development

An economics – Growth and development

In current time frame, every-body is talking about economics and its growth. In economics, we include every sell and purchase of goods and services against a fix prices because every goods and services have a prices or manufacturing costs. So, if we accumulate all these buying and selling, it becomes an economic of any country. People also exchange their goods and services with each others at village level in previous time.

An Economics – Growth and development
An Economics – Growth and development

Economics growth – It is a process, in which we bring changes or upgrade the life of poor and uneducated people in a long run and also have short term goal with micro level. These things related with employment, increment in income and also bring changes in their living standard.

This is a long process, in which an economic has a continuous improvement in their GDP (Gross Domestic Product). There is also has a difference in GDP and GNP in which we take lots of steps to improve the quality of life.

Mostly, we find a close connection of growth with personal income. Some time, we also include consumer index. In short, we can say that there are lots of factors which we include in economics growth like jobs, income, livings standard and so on.