Description
How does the type of economic system determine the growth and stability of a nation?
Please explain what the essential question means to them or what you think you will learn in this module.
Explanation & Answer
there are the three indicators of economic performance like GDP,Inflation, and the production volatility.
It is fact that the nations with this economic system have a significantly higher initial GDP per capita than the other developing nations may well be a function of the fact that their economic system has provided the environment for faster growth in the past as well.
There are some question may arise on growth and stability.
1) stable good price
2)Job creation
3)Sustainable growth
4)Investment
The stability creates certainty and confidence as well as this encourages investment in technology and human capital.
Ya I learn too much from this model that of the country have High GDP per capita which can provide all of the question which I arised above
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