PHASES OF ECONOMIC DEVELOPMENT and ECONOMIC GROWTH

17問 • 5ヶ月前

問題一覧

•The action taken by the policy makers to raise the standard of living of general public by developing human capital

ECONOMIC DEVELOPMENT

It is the raise in the value of goods and services produced in a country over time normally in a year after adjusting the inflation.

ECONOMIC GROWTH

change in value of goods and services measured through gross domestic product (GDP), GDP per capita, gross national product (GNP), and net national product (NNP).

ECONOMIC GROWTH

means changes in the socio-economic structure of country measured through human development index (HDI), gender-related index (GDI), human poverty index (HPS), literacy rate, infant mortality, socio-economic development.

Economic development

PHASES/STAGES OF ECONOMIC DEVELOPMENT

Traditional Society Preconditions for Take-Off Take-Off Drive to Maturity Age of Mass Consumption

The first stage of Rostow's model and the one in which societies begin. Trade existed, such as the spice route between Asia and Europe, but it was timely, costly, and more of a luxury than a

Traditional Society

A period of transition between the traditional society and a society that takes off, and for a certain time that society

Preconditions for Take-Off

• When the preconditions for take-off are met, a society can take off. Educated individuals start inventing new processes and tools,

Take-Off

• The next of Rostow's five stages has a general length of time associated with it, . It is about a 60-year period between the takeoff and the final stage,

Drive to Maturity

• After the drive to maturity, an economy reaches maturity and begins the final stage, the age of mass consumption.

Age of Mass Consumption

FORMS OF BUSINESS ORGANIZATIONS

Simple Organizations FUNCTIONAL BUSINESS ORGANIZATION DIVISIONAL BUSINESS ORGANIZATION PROFIT ORGANIZATIONS NONPROFIT ORGANIZATION Open Flexible Organization

business organization with few departments centralized authority with a wide span of control and with few formal rules

Simple Organizations

business organizations that group together those with similar or related specialized duties that introduce the concept of delegation of authority to functional managers like the personnel managers, sales manager or financial manager but allow CEOS to retain authority for strategic decisions

FUNCTIONAL BUSINESS ORGANIZATION

Business organization made up of separate business units that are semiautonomous or semi-independent, with division head responsible for his or her units' performance.

3. DIVISIONAL BUSINESS ORGANIZATION

Business organization designed for the purpose of achieving their organizations mission, vision, objectives and maintaining their organizational stability

PROFIT ORGANIZATIONS

Business organizations designed for the purpose of achieving their organizations mission, vision, goals, and objectives , providing service to the clients without expecting monetary gains or financial benefits for the endeavors

NONPROFIT ORGANIZATION

Formed to meet today's changing work environment

Open Flexible Organization

Standard models of The origin of the universe

Erisey Manayon · 22問 · 6ヶ月前

Standard models of The origin of the universe