Essay Of Economic Growth

During the early period, Morocco did not know plenty of important events.The agriculture sector was the first and most important one that the Moroccan economy was hoping to develop.Economic growth is a sustained growth from a simple economy to a modern one.

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The HDI measures education and health besides GNP, and so is multi-dimensional.

Another advantage of HDI is that it focuses on the ultimate objective of economic development and not only the means used to reach it.

Some other sectors kept integrating the Moroccan economy for a better development such as telecommunication and gas exploration.

With all this development in the beginning of the 21st century poverty was still there.

For instance, an increase in disposable incomes often leads to improvement in health and nutrition among others.

Other people may define economic improvement of social outcomes related to different so called basic necessities such as clean water supply, education, social safety and so on.Economic development theories relate to the causes of industrial-economic modernization, the phases of economic development, and the organizational related aspects of enterprise development; it requires sociological, economic, and cultural researches on the evolution of markets and industrial organizations within modern societies.From other perspectives, economic development of embrace improvements in a variety of indicators such as literacy rates, life expectancy, poverty rates, health, and education.In fact, these indicators are more related to economic growth so that development goes often with growth.Scientists often argue that poor countries and mainly “third-world countries” have experienced very fast economic growth with barely little economic development and especially during the periods where they served as resource providers for industrialized countries.By far, it is the widely used approach for measuring economic development because it is more meaningful than the GNP or any other methods for there are much greater immoderations in income distribution in the distribution of life expectancy and literacy.Politically, economic development is a rigorous struggle on the part of responsible governing body in a country.Economic Development Essay Economic development is the increase in the standard of living of a population.Economic development includes economic growth among the main criteria.In addition to the different mathematical methods used to calculate economic development, the HDI (human development index) is another widely used process to calculate development.This does not mean that the HDI replaces the other methods, but rather adds many other aspects for a considerable understanding of economic development.


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