Economic growth and development notes

These are the words you need for economic growth and development. Learn each definition exactly, because the precise meaning matters. An increase in a country's productive capacity over time, shown…

This section explains the difference between growth and development, and the demand-side approach: how government uses monetary and fiscal policy to increase aggregate demand and so promote both. It…

The supply-side approach increases the economy's ability to produce goods and services. It works on markets, inputs, productivity, production capacity and costs. It is different from the demand-side…

South Africa has used growth and development policies to increase production, jobs and opportunities while reducing poverty and inequality. To evaluate a policy is to judge it against its aims, how…

The North/South divide is the gap in development between the rich, industrialised economies (the North) and the poorer, developing economies (the South). This section compares the two groups in…