Economic Issues - Problematic Economic Growth

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Dilemma of Economic Growth in the World of Economic Crisis

Currently, every recession as if upper class or needy is the one to face every day with the disturbance of economic advancement. The objective is the acceleration of economic growth in order to grow the living standard of its community. The meaning of which, that the quota of economic improvement should be higher than the rise of population. Therefore, economy concludes regarding the quota of saving and investment. In spite of, we should also relive the moment that less matured countries can confront the headache of unemployment and poverty. They want to clear all these obstacles at the earliest.

In the conclusion, we should take as a note that there are two branches of modern economic theory i.e.

  • Micro-Economic Theory and

  • Macro-Economic Theory.

 

Micro theory is called as Price theory which has been dealing by locating resources in the advertising economy.

 

Therefore, what to produce, how to produce and for whom to produce are decided on the support of mechanism of price.

 

On the other hand, Macro theory which has been dealing with the complete utilization of resources. The theory also studies about the development of resources along with other obstacles  which are commonly known as unemployment, poverty, inflation and other similar problems.

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