Transcription of INTRODUCTION TO ECONOMIC DEVELOPMENT
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INTRODUCTION TO ECONOMIC DEVELOPMENT . CONTENT. 1 INTRODUCTION 1. 2 WHAT IS ECONOMIC DEVELOPMENT ? 2. Defining the Concept of ECONOMIC DEVELOPMENT 2. Sustainable ECONOMIC DEVELOPMENT 2. ECONOMIC Growth Trends in the Western Cape 3. Future Prospects for ECONOMIC Growth in the Western Cape 3. 3 WHY ECONOMIC DEVELOPMENT ? 4. 4 KEY CONCEPTS IN ECONOMIC DEVELOPMENT 6. Gross Domestic Product (GDP) 6. Inflation 6. Effects of Inflation on ECONOMIC DEVELOPMENT 8. Distribution Effects 8. ECONOMIC Effects 8. Social and Political Effects 8. Problems Related to Inflation 9. Interest Rates 9. How Interest Rates are Determined 9. Example of the Effect of Inflation on Interest Rates 10. 5 DIFFERENT KINDS OF ECONOMIC SECTORS 10. The Primary ECONOMIC Sector 10. Labour Trends in the Primary ECONOMIC Sector 10. Agriculture 11. Fishing 12. The Secondary ECONOMIC Sector 12.
13 INCENTIVES THAT CONTRIBUTE TOWARDS ECONOMIC DEVELOPMENT 39 13.1 Savings and Investments 39 ... 18 ECONOMIC DEVELOPMENT IN SOUTH AFRICA - NATIONAL DEVELOPMENT 49 18.1 National Policy 50 18.2 Economic Growth 51 ... • …
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