Showing posts from December, 2021

Sources And Consequences Of Economy

Economic growth is measured with the help of the standard of living (GDP). If the standard of living in a country is high, then we can say that the country is economically developed. The prime focus of economic development is to create wealth. The country will create this wealth from its resources that will benefit society. In this regard, a country needs to grow its investments. Once the investment in the economy is growing, it will enhance prosperity. Apart from this, it will increase the quality of life. Economic development means different things for different classes of the economy. There are three major components of sources of economy. Those three sources are investments, saving and consumption. These sources play an important role in any economy. Apart from this, there are some more important indicators. Those include labour, natural resources and capital. In this article, top dissertation researchers have discussed three major sources in detail: Investment: In the long term,