Transcription of INTRODUCTION TO ECONOMIC DEVELOPMENT
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INTRODUCTION TO ECONOMIC DEVELOPMENT
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.
Economic development is the sustained increase in income of all members of society so as to be free from material want. One aspect of that challenge is to achieve development in an interdependent world, that is a world in which goods, services,
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