Known as economic growth in a continuous and rapidincrease in income or real GNP over time, thus increasingthe average per capita during the period of time.
Conditions of an economic growth
There are two bases for an economic growth which is .........
That the rate of growth of real national income is greater than the rate of population growth.
That the rate of increase in average per capita cash income of the largest rate of increase in the general level of prices
Conditions of an economic growth
There are two bases for an economic growth which is .........
That the rate of growth of real national income is greater than the rate of population growth.
That the rate of increase in average per capita cash income of the largest rate of increase in the general level of prices
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