Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

TAIWORIDWAN

  • 2 years ago

When will economic growth not transform into economic development

  • This Question is Closed
  1. NicholasY
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Usually it will. A traditional economy will sometimes see growth but no development, or very small development. Remember, competition promotes development, so if a economy has no competition, there is no incentive to develop.

  2. TAIWORIDWAN
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    thanks dude!

  3. waruim
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    if it does not improve the nations living standards in terms of improved lifestyles,access to quality healthcare and education,welfare facilities etc

  4. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy