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Economic growth helps explain the generational differences in quality of life, or also referred to as long-run increases in living standards.

We Know That Living Standards Are Measured By Real GDP Per Capita.
As we look around the world, we can see that some countries grow and others don’t.

Some countries have high growth rates and others are growing at a more modest rate. Economists have been puzzled by this and a whole research field has evolved called development economics and it looks at policies that impact growth in real GDP per capita and living standards.

This Article will provide an overview of the possible explanations of why there are differences in growth rates and living standards across different economies.

The Cause Of Economic Growth Can Be Summarized In Three Broad Categories
1 Resources

2 Technology

3 Institutions.

Let Look At Them One After The Others
RESOURCES are inputs that are used in the production of goods and services.

They’re, also referred to as factors of production resources can be in the form of natural resources, human capital and physical capital.

*Natural resources are natural, endowments on the physical land. Historically,
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Questioner, What’s the aim of life



if you’ll be able to offer Associate in Nursing insight on it many thanks., is not it fantastic that if there’s no purpose, you have got nothing to satisfy. you’lle able to simply live.



Hmm! No, however you wish a purpose and not a straightforward purpose: you wish a God-given purpose., (, Laughter, ), It’s. terribly dangerous.. those who suppose they need a God-given purpose do the cruelest things on the world.



Yes or no, they’re doing the foremost horrifying things and they’ve forever been doing the foremost horrifying things, as a result of after you have a God-given purpose, life here becomes shorter than your purpose.



No life is very important, Life is very important once I say life. i’m not talking regarding your family, Your work, what you are doing what you are doing not does one party – i’m not talking this as life.. this can be life is not.



It Life is among you or around the ambiance of life you’re, interpretation the ambiance of life for all times.. Your home, your family, your space, your party, this can be all ambiance of life.. this can be not life.



Isn’t it affirmative, or no Participants, Yes, You’re, interpretation the ambiance for the important factor. No. Life is very important as a result of it’s. the sole factor apprehend|you recognize} you do not know the rest. does one grasp one thing else.



Rest is all imaginary stuff, isn’t it. the sole factor is that this can be beating and alive, and that’s.



All there’s.. therefore is that this important? it’s of preponderant importance., Not you as an individual that’s not vital, however you as a chunk of life it’s important, as a result of that’s the premise of everything.



When I say that’s
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