Economic Development

....... are long-term changes in systems of production and distribution of goods and services that affecting human welfare. 

• Economic Growth

• Economic Development

• Economic System

• Circular Flow

What is GDP?

• Guide Domain Product

• Gross Domain Product

• Gross Domestic Product

• Gross Domestic Produce

......is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government.

• GDP

• Export

• Import

• Consumption of Government

The Difference between Economic Growth and Economic development are ......

• Economic development is single dimension for example economic activities, & economic growth is multiple dimension (social, environment & politic)

• Economic growth is possible without development & economic development is gradual & steady change

• Economic development is single dimension & economic growth is qualitative change (all sectors)

• Development relate to growth of human capital indexes & economic growth focus on product

The 5 pillars of economic development are ....

• Education, tourism, product, demand & policy

• Environment, education, economic system, transportation & IT

• Health, environment, tourism, economic system &IT

• Health, education, amenities, environment, IT/Transportation

Indonesia's development pillars in 2045 are ....

• Human, science, tecnology development, sustainable economic development & equitable development

• Sustainable economic development & environment development

• Equitable development & economic system

• economic circular flow & economic development

Policies for economic development are .....

• privatisation & development of manufacturing

• investment in public service & development manufacturing

• Privatisation & foreign aid

• Effective tax collection & macroeconomic stability

What are examples of economic developments........

• GDP & capital

• economic system

• Group of twenty

• economic circular flow

Natural order determines price, rent, & economic affairs is explanation of ........ theory

• Rostow

• economic development

• modern

• Classical

focus on interrelationships among economic variables. we call it as ....

• economic development theory

• rostow theory

• Classical theory

• Marxism theory