Essays on Economic Growth

The Organisation for Economic Co-operation and Development (OECD) The organisation for economic co-operation and development (OECD) has the objective of making improvements in the social well-being and economic growth of people across all regions in the world. OECD partners with different government bodies to determine the best policies to implement in...

Human capital is defined as the knowledge, skills and competencies possessed by the labour market which is used to produce goods, services and ideas. Various attributes are embodied in human capital. For instance, a person’s education might be good but possess poor management skills. Human capital is therefore dimensional and...

Australia's Economic Growth Australia's economic growth has been influenced by a variety of economic activity and trends. The value of national expenditure and output has increased, resulting in an increase in real GDP. Furthermore, a boost in the aggregate supply and aggregate demand for investment, capital, and labor productivity has resulted...

Economic prosperity is commonly associated with economic success and progress. Hence, economic development is the rise in a particular economy's capacity to produce products and services over a specific time span. Furthermore, economic prosperity can refer to the long-term growth or development of an economy's productive capacities in order to...

In terms of primary economic growth indicators, the outlook for US economic growth is favorable. The poor growth of the gross domestic product (GDP) in the United States is a macroeconomic issue. The GDP is an important economic growth metric for any country, and the United States is no exception....

Labor is an essential component of various enterprises' and organizations' production processes. As a result, labor demand is a determinant in organizations' and institutions' need for commodities and services. Individuals with various talents, knowledge, and experiences make up the national and worldwide labor pool. Furthermore, factors such as income level,...

Economic Growth Economic growth entails an increase in the Gross Domestic Product (GDP), the Gross National Product (GNP), and the National Income (NI). Economic growth is the process of expanding the size of national economies and GDP per capita in an ascending direction, with beneficial consequences for the economic-social sector (Haller...

The Economic Effects of Subsidized Industry R&D in Israel The article The Economic Effects of Subsidized Industry R&D in Israel by (Justman and Zuscovitch) explores how the Israeli government has granted contingent subsidies to select businesses, influencing employment, trade deficits, product quality, and overall economic growth. On the basis of data...

The United States' Inflation Rate and Factors Affecting it The United States' inflation rate is currently low, resulting in slow economic development. Low inflation in the United States can be attributed to a variety of factors, including consumer caution. Another reason is that numerous companies and businesses have similarly limited their...

The Economic Benefits of the Video Game Industry The video game business has grown so rapidly over the years that its economic benefits cannot be overlooked. The gaming industry is now on par with the other major entertainment sectors in terms of size. The gaming business employs many people and contributes...

Computers in the Manufacturing IndustryBecause they are readily available and inexpensive, computers have found widespread use in the modern manufacturing industry. According to estimates, the cost of a computer declines by 10% to 20% yearly, making them more affordable over time. Additionally, computers have one benefit over human labor. They...

Entrepreneurship and Economic Growth Entrepreneurship is the primary engine of economic growth and prosperity around the world. Entrepreneurs guarantee that there is a real value addition by establishing and creating new jobs, as well as producing creative services and goods (McMillan ability to address social and economic issues that...