Economic Growth

This is the increase in the Cloze (1): JXUwMDI4JXUwMDAyJXUwMDFkJXUwMDBiJXUwMDExJXUwMDE2JXUwMDE3JXUwMDFkJXUwMDFmJXUw MDFmJXUwMDFkJXUwMDBk of a country which can be seen in the continued increase in the Cloze (2): JXUwMDM2JXUwMDBmJXUwMDE1JXUwMDFkJXUwMDA2JXUwMDAxJXUwMDBmJXUwMDBkJXUwMDRjJXUw MDQ5JXUwMDA3JXUwMDBkJXUwMDBjJXUwMDAyJXUwMDA4 over a period of years.

It can be measured by taking the average percentage of increase in national income over a period of time (number of years) and be assumed to be the average rate of Cloze (3): JXUwMDNkJXUwMDA2JXUwMDBjJXUwMDAxJXUwMDAxJXUwMDAyJXUwMDA0JXUwMDBhJXUwMDQzJXUw MDQ3JXUwMDE1JXUwMDFkJXUwMDE4JXUwMDAzJXUwMDFj in the country

 

Economic Development

This is the Cloze (4): JXUwMDI5JXUwMDA0JXUwMDE0JXUwMDBmJXUwMDFhJXUwMDFkJXUwMDFkJXUwMDE1JXUwMDE1JXUw MDFkJXUwMDFmJXUwMDEz change or increase in a country’s Cloze (5): JXUwMDM2JXUwMDBmJXUwMDE1JXUwMDFkJXUwMDA2JXUwMDAxJXUwMDBmJXUwMDBkJXUwMDRjJXUw MDQ5JXUwMDA3JXUwMDBkJXUwMDBjJXUwMDAyJXUwMDA4 over the years, accompanied by favorable changes in the structures within the country that leads to general improvement of the individual well being, as well as the entire nation

A country may experience Cloze (6): JXUwMDNkJXUwMDA2JXUwMDBjJXUwMDAxJXUwMDAxJXUwMDAyJXUwMDA0JXUwMDBhJXUwMDQzJXUw MDQ3JXUwMDE1JXUwMDFkJXUwMDE4JXUwMDAzJXUwMDFj without experiencing Cloze (7): JXUwMDNkJXUwMDA2JXUwMDBjJXUwMDAxJXUwMDAxJXUwMDAyJXUwMDA0JXUwMDBhJXUwMDQzJXUw MDQ0JXUwMDAxJXUwMDEzJXUwMDEzJXUwMDA5JXUwMDAzJXUwMDFmJXUwMDFkJXUwMDA4JXUwMDBi JXUwMDFh . This is because the increase in the national income may be as a result of people working for long hours without any time for Cloze (8): JXUwMDJhJXUwMDE3JXUwMDE2JXUwMDA3 , Cloze (9): JXUwMDJhJXUwMDE3JXUwMDA2JXUwMDExJXUwMDE3JXUwMDA0JXUwMDE1JXUwMDFkJXUwMDA2JXUw MDAx and other development to occur in their body. This will make them not to have better living, despite the fact that the national income shall have increased.

The expected structural changes to be realized in a case of economic development include;

·                   Shifting from depending on Cloze (10): JXUwMDM5JXUwMDA2JXUwMDE1JXUwMDFiJXUwMDBhJXUwMDE2JXUwMDE5JXUwMDE4JXUwMDAxJXUw MDA3JXUwMDEzJXUwMDBkJXUwMDRjJXUwMDUzJXUwMDE2JXUwMDA2JXUwMDE3JXUwMDFiJXUwMDFk to manufacturing sector in the economy

·                   Reducing Cloze (11): JXUwMDMxJXUwMDA1JXUwMDAwJXUwMDA1JXUwMDFkJXUwMDExJXUwMDE3JXUwMDEzJXUwMDAyJXUw MDFh levels

·                   Increase in Cloze (12): JXUwMDJiJXUwMDE4JXUwMDAyJXUwMDA1JXUwMDAwJXUwMDA5JXUwMDAx manpower in the economy

·                   Improvement in Cloze (13): JXUwMDMwJXUwMDBkJXUwMDA0JXUwMDBkJXUwMDE4JXUwMDFj facilities within the country

·                   Increase in Cloze (14): JXUwMDJjJXUwMDExJXUwMDA2JXUwMDBiJXUwMDA2JXUwMDAxJXUwMDAzJXUwMDAzJXUwMDA4JXUw MDFl and improvement of entrepreneurial ability