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. Example of the Effect of Inflation on Interest Rates 10. 5 DIFFERENT KINDS OF ECONOMIC SECTORS 10. The Primary ECONOMIC Sector 10.
1. INTRODUCTION In the modern, highly competitive world of today, important sources of wealth and economic development are knowledge, learning and innovation (Committee of Technikon Principals 2003). All three reside in people. If we are to become successful in our bids
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