Definition
Factors of Economical growth
- Population and their productivity and efficiency.
- Global Situation
- Cooperation with other countries
- Economic Priorities/ Policies of the country (Trade Barriers)
Eco Growth difference between Dictatorships and Democracies
- The difference of economic growth between the dictatorships and democracies is negligible (~0.6%)
- Democracy has more positive outcomes that dictatorships.
- Democracy doesn’t guarantee economic growth, but it depends on the people.
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Flashcards
What are the factors that economic growth depend on? ?
- Population and their productivity and efficiency.
- Global Situation
- Cooperation with other countries
- Economic Priorities/ Policies of the country (Trade Barriers)
Difference between the eco growth of dictatorships and democracies: ?
- The difference of economic growth between the dictatorships and democracies is negligible (~0.6%)
- Democracy has more positive outcomes that dictatorships.
- Democracy doesn’t guarantee economic growth, but it depends on the people.