Economics Australia and India (1 Viewer)

[H4rdc0r3]

Well what are the differences? eco assessment on friday.

1. Classification of economy
2. economic growth, standard of living and quality of life
3. Value, direction and composition of trade
4. Economic problems and prospects

kk message me reply. pm. kk cool.

 

[foram]

Well what are the differences? eco assessment on friday.

1. Classification of economy
2. economic growth, standard of living and quality of life
3. Value, direction and composition of trade
4. Economic problems and prospects

kk message me reply. pm. kk cool.

Classification of economy proberbly refers to whether it's a market economy or a mixed economy or a planned economy.

Economic growth is the GDP growth rate. Talk about both PPP and per capita.
Standard of living and quatlity of life is the GDP per capita, literacy rates, age expectancy, education levels, happyness index... etc

Value, direction and composition of trade is about the exports and imports, i think.

Economic problems and prospects... Just go to wikipedia.

Acutally, just go to wikipedia for the whole thing. They have all the infomation you need on wikipedia, for just about every country.