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Fоr the term раper, уou are requіred to
pick a current economic topic that relates to the material we have covered or
will cover in this course. You will research and find an article that covers
the topic уou have chosen. You can use an article online or offline from any
reputable source. You will write up a review of the article and integrate
course concepts into your review. Please make sure you both
summarize the article and discuss how it relates to the course.
The Main Determinants Affecting
Economic Growth
Name
Institution/Affiliation
The
primary objective of this journal is to address the various growth theories
that underline the development in economic thought therefore revealing how
economic expansion is understood. According to Boldeanu and Constantinescu
(2015), economic activities are explained by growth models and theories as
elements that play an essential role in economic development. It is imperative
to acknowledge that theories of economic progress have increasingly varied over
time thus can be used to describe the different concepts that determine the
progression of an economy. The growth of an economy is determined by six
distinct features that are subdivided into demand and supply. Elements that
determine the expansion of an economy are represented by intertwined aspects concerning
the influence they have on the growth of an economy; additionally, there are
different subgroups of determinants of economic growth: economic and
non-economic. GDP is an element that effectively measures the growth of an
economy; however, it does not measure the increase in the different factors
that spur the growth of an economy. As a result, the progression of crucial economic
and non-economic determinants has an impact on the economic development in a
specific country.
