Economic Growth And Economic Development - 1177 Words

Economic growth and Economic Development is of the highest priority in regards to a well-functioning sovereign state. Economic growth powers an economy through the stability ensured by equilibrium in the circular flow of money accompanied by: growing international competitiveness in a globalised market, increase in real GDP through the appropriate allocation of resources most suited to the expansion of the economy, increase in aggregate demand and increased efficiency in the economy. Stagnation or prolonged contraction of an economy, identified by the disequilibrium in the circular flow of money, with leakages exceeding injections, and a growing Current Account Deficit (CAD), can lead to a fall in aggregate demand, wages and employment. With this fall also comes a fall in the Quality of Life as the aggregate propensity to spend contracts and Government assistance is more widely needed to meet daily needs. Economic development is defined by the Quality of life within a specific region. Quality of life can be measured through the Human Development Index (HDI). This HDI takes into account the life expectancy of a person, their ability to obtain and the quality of their education, and living standards within any particular country. Quality of Life is integral to the stability of an economy and nation state, as an economy cannot perpetually thrive at the expense of the populous. This is evident in the examples of revolution spurred by food shortages such as the French and RussianShow MoreRelatedEconomic Development And Economic Growth915 Words   |  4 Pagesagenda? High and sustainable economic growth is the main condition for the sustainability of economic development and increase prosperity. As the population increases each year, the consumption is also increasing. Further more, demand, supply and population growth also require employment growth as a new source of income, because if not so then economic growth will lead to poverty. Many economics literatures review the correlation between income inequality and economic growth and the results show thatRead MoreEconomic Development And Economic Growth1664 Words   |  7 PagesEconomic development has the potential to transform regions as it creates an enabling environment for economic growth. Economic development is also associated with expanding the capacity of individuals and communities to maximize the use of their available resources. The extent of economic growth depends on the type of the additional products that the economy produces from its investment projects. It has been an instrumen tal aspect in the growth of Cincinnati. Cincinnati is comprised of a diverseRead MoreEconomic Growth And Economic Development915 Words   |  4 PagesEconomic development is the development of economic wealth of countries, regions or communities for the well-being of their inhabitants. From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base. Overview There are significant differences between economic growth and economic development. The term economic growth refersRead MoreEconomic Growth And Economic Development2287 Words   |  10 PagesIn Asia, the economic growth has been phenomenal and the deepening of economic integration and larger trade volumes have led to both developed and developing nations to experience steady economic growth, especially at 10.1% in 2007 (ADB, 2015). Nevertheless, especially with China’s economic slowdown, the Asian region is facing problems such as decrease in labor force, labor productivity, and overall trade growth (ADB Report, 2015). In order to consolidate economic integration of the region, the ASEANRead MoreEconomic Growth And Economic Development917 Words   |  4 PagesEconomic growth refers to an increase in the capacity for an economy to produce goods and services as compared from one period of time to another. It can be measured either in nominal terms which include inflation, or i n real terms that are adjusted for inflation. It is mainly influenced by unemployment, inflation, technology levels, rate of investment, population growth rate, among other factors. These factors are used further to explain the differences in the varying level of output per capitaRead MoreEconomic Growth And Economic Development1328 Words   |  6 PagesEconomic growth is an economic term to describe an increase in a country’s national earnings of wealth, or the growth of Gross Domestic Product (GDP) (Swanenberg,2005). The measurement of economic growth is possible that the change in national income in comparison to the numbers held by the year before. In the world today, economic growth is one of the ways to determine how successful is the country’s economic activity (Swanenberg, 2005). This is explained by the fact that economic growth reflectsRead MoreEconomic Growth and Development1547 Words   |  6 Pagesï » ¿ECONOMIC DEVELOPMENT AND GROWTH Economic development and growth may not be the same thing depending on how growth rate is affecting the countrys socio-economic development. However important and well known theories of macro-economic suggest that if markets are left on their own, people will improve their socio-economic wellbeing automatically as the result of better economic growth rate of the country. In other words, financial liberalization automatically leads to socio-economic uplift as suggestedRead MoreEconomic Growth and Development2951 Words   |  12 Pagescountry? Surveys are made and reports being churned out that state the economic growth of a nation. Does the rate of this economic growth a true indicator in this regard? If that is true why is it then that even in the 21st century decades after the industrialization and years after globalization the proportion of developed countries to under-developed countries is still wide enough? The answer lies in the economic development of these countries. If the gross domestic product or national incomeRead MoreEconomic Growth and Development1990 Words   |  8 PagesECONOMIC GROWTH AND DEVELOPMENT Introduction Economies grow and develop, they expand and advance, and they progress and prosper. There are phases when they decline too, and there are economies that experience continuous decay. If one considers long stretches of human history, one knows that economies (civilizations) disappeared altogether. We will not take into account such long stretches of time. We shall not consider too distant a past either. We will leave them to historians, may be, economicRead MoreThe Economic Growth And Development864 Words   |  4 PagesCurrently, the economic growth and development is improving the performance of the New Zealanders that has over the past 30 years made them part of the global market. This requires that Lush improve its performance in relation to standardisation. This demands that it balances its character of its products to maintain a local and international consumer appeal. This is important based on evidence from firms selling luxuries in the Chinese market where maintaining brand c onsistency has been core (Liu

Bible Internet Free Essays

1 In the beginning God created the heavens and the earth. 2 Now the earth was formless and empty, darkness was over the surface of the deep, and the Spirit of God was hovering over the waters. -Day 1 – God created light and separated the light from the darkness, calling light â€Å"day† and darkness â€Å"night. We will write a custom essay sample on Bible Internet or any similar topic only for you Order Now † 3 And God said, â€Å"Let there be light,† and there was light. 4 God saw that the light was good, and he separated the light from the darkness. 5 God called the light â€Å"day,† and the darkness he called â€Å"night. † And there was evening, and there was morning—the first day. And God said, â€Å"Let there be a vault between the waters to separate water from water. † 7 So God made the vault and separated the water under the vault from the water above it. And it was so. 8 God called the vault â€Å"sky. † And there was evening, and there was morning—the second day. -Day 2 – God created an expanse to separate the waters and called it â€Å"sky. † 9 And God said, â€Å"Let the water under the sky be gathered to one place, and let dry ground appear. † And it was so. 10 God called the dry ground â€Å"land,† and the gathered waters he called â€Å"seas. † And God saw that it was good. 1 Then God said, â€Å"Let the land produce vegetation: seed-bearing plants and trees on the land that bear fruit with seed in it, according to their various kinds. † And it was so. 12 The land produced vegetation: plants bearing seed according to their kinds and trees bearing fruit with seed in it according to their kinds. And God saw that it was good. 13 And there was evening, and there was morning—the third day. -Day 3 – God created the dry ground and gathered the waters, calling the dry ground â€Å"land,† and the gathered waters â€Å"seas. † On day three, God also created vegetation (plants and trees). 4 And God said, â€Å"Let there be lights in the vault of the sky to separate the day from the night, and let them serve as signs to mark sacred times, and days and years, 15 and let them be lights in the vault of the sky to give light on the earth. † And it was so. 16 God made two great lights—the greater light to govern the day and the lesser light to govern the night. He also made the stars. 17 God set them in the vault of the sky to give light on the earth, 18 to govern the day and the night, and to separate light from darkness. And God saw that it was good. 9 And there was evening, and there was morning—the fourth day. -Day 4 – God created the sun, moon, and the stars to give light to the earth and to govern and separate the day and the night. These would also serve as signs to mark seasons, days, and years. 20 And God said, â€Å"Let the water teem with living creatures, and let birds fly above the earth across the vault of the sky. † 21 So God created the great creatures of the sea and every living thing with which the water teems and that moves about in it, according to their kinds, and every winged bird according to its kind. And God saw that it was good. 22 God blessed them and said, â€Å"Be fruitful and increase in number and fill the water in the seas, and let the birds increase on the earth. † 23 And there was evening, and there was morning—the fifth day. -Day 5 – God created every living creature of the seas and every winged bird, blessing them to multiply and fill the waters and the sky with life. 24 And God said, â€Å"Let the land produce living creatures according to their kinds: the livestock, the creatures that move along the ground, and the wild animals, each according to its kind. And it was so. 25 God made the wild animals according to their kinds, the livestock according to their kinds, and all the creatures that move along the ground according to their kinds. And God saw that it was good. 26 Then God said, â€Å"Let us make mankind in our image, in our likeness, so that they may rule over the fish in the sea and the birds in the sky, over the livestock and all the wild animals,[a] and over all the creatures that move along the ground. † 27 So God created mankind in his own image, in the image of God he created them; male and female he created them. 8 God blessed them and said to them, â€Å"Be fruitful and increase in number; fill the earth and subdue it. Rule over the fish in the sea and the birds in the sky and over every living creature that moves on the ground. † 29 Then God said, â€Å"I give you every seed-bearing plant on the face of the whole earth and every tree that has fruit with seed in it. They will be yours for food. 30 And to all the beasts of the earth and all the birds in the sky and all the creatures that move along the ground—everything that has the breath of life in it—I give every green plant for food. And it was so. 31 God saw all that he had made, and it was very good. And there was evening, and there was morning—the sixth day. -Day 6 – God created the animals to fill the earth. On day six, God also created man and woman (Adam and Eve) in his own image to commune with him. He blessed them and gave them every creature and the whole earth to rule over, care for, and cultivate. -Day 7 – God had finished his work of creation and so he rested on the seventh day, blessing it and making it holy. How to cite Bible Internet, Papers

Determination of KHP Essay Sample free essay sample

For finding pureness of unknown KHP. acid – base titration was used. Molarity of titrant in this instance NaOH was standardized as 0. 04958 (  ±0. 00011 ) M. Purity of unknown KHP was calculated as 35. 88 (  ±0. 16 ) % . †¢ IntroductionAcid – base titration is typical method of finding unknown figures. Acid – base titration means that by utilizing neutralisation between acid and base. Abrupt changing of pH says whether process is done or non. pH indexs are tools for finding neutralisation is making end point. When reaction reaches tantamount point. one of species. titrant or analyte is used up wholly and there is no more neutralisation. But By pH index. there is really few possibility to separate tantamount point. When. neutralisation reaches at that point. altering pH is excessively sensitive to separate that. Blank titration is one of manner to diminish interval between equivalent and terminal point. Blank titration is executed in solution with no analyte. it involves same volume of diluted H2O with concluding volume of mixture of existent titration. pH index and titrant. From this titrant. interval is obvious. Before making titration. standardisation of titrant is first measure. If concentration of titrant is non exact. concluding consequence is non exact. And so. making titration by standardised titrant is traveling to be 2nd. †¢ Method All processs were taken from Analytic Chemistry Lab – spring2013 First. gauging how much NaOH solution was needed became first measure. NaOH solution was prepared in progress. For this measure. dried KHP was weighed out 0. 2 to 0. 3 g and put into 250 milliliter of Erlenmeyer flask. 25-50 milliliter of distilled H2O was added to fade out KHP. Even though some KHP remained. added NaOH solution would fade out it. From this gauging titration. mass of KHP neutralizing 40 milliliter of NaOH solution was computed. Blank titration was performed with 65 milliliter of distilled H2O and 2-3 beads of phenolphthalein. Following standardisation of NaOH was performed by titration between computed mass of KHP and prepared NaOH solution. In three 250 milliliter of Erlenmeyer flask. 25-50 milliliter of distilled H2O. computed mass of KHP. 2-3 beads of phenolphthalein were added to each flask. In the process. concentration of NaOH. its norm. standard divergence and 95 % assurance bounds were calculated. Standard divergence had to be less than 0. 00015 M. After standardisation of NaOH. impure KHP was titrated with standardised NaOH solution. As the same ground of gauging how much NaOH solution was needed. 1. 0 g of impure KHP was titrated in 250 milliliter of Erlenmeyer flask with 25-50 milliliter of distilled H2O and 2-3 beads of phenolphthalein. Mass of impure KHP to neutralize 40 milliliter of NaOH was calculated. existent titration was performed with deliberate mass of impure KHP. 25-50 milliliter of distilled H2O and 2-3 beads of phenolphthalein in 250 milliliter of Erlenmeyer flask. †¢ Consequences lt ; Table 1. Standardization of NaOH. gt ;| Mass KHP ( g ) | Volume NaOH ( milliliter ) | concentration of NaOH ( M ) | Gcalc| Gtable| 1. 938| Trail 1| 0. 4062| 40. 21| 0. 0496 | 0. 598 | Blank Volume ( milliliter ) | 0. 10| Trail 2| 0. 4074| 41. 22| 0. 0485 | 1. 455 | Average| 0. 0493 (  ±0. 0005 ) M| Trail 3| 0. 4024| 40. 71| 0. 0485 | 1. 443 | % RSD| 1. 06 % | Trail 4| 0. 4140| 41. 12| 0. 0494 | 0. 275 | 95 % C. I| 0. 0493 (  ±0. 0005 ) M| Trail 5| 0. 4145| 41. 00| 0. 0496 | 0. 666 | Absolute Error of test 1 | 0. 0001 M| Trail 6| 0. 4174| 41. 28| 0. 0496 | 0. 680 | | | Trail 7| 0. 4178| 41. 32| 0. 0496 | 0. 679 | | | Lab manual said standard divergence was 0. 00015 M or less. But deliberate criterion divergence was 0. 0005 M. Absolute mistake was calculated merely trail 1. lt ; Table 2. Impure KHP Determination. gt ;| Mass KHP ( g ) | Volume NaOH ( milliliter ) | % KHP| | |Trail 1| 1. 0732| 38. 21| 35. 83 | Average| 35. 76 (  ±0. 07 ) % | Trail 2| 1. 0695| 37. 99| 35. 75 | % RSD| 0. 19 |Trail 3| 1. 1475| 40. 70| 35. 69 | 95 % C. I| 35. 76 (  ±0. 17 ) % | Trail 4| | | | Absolute Error of test 1| 0. 37 % | For ciphering % KHP. norm in Table 1. was used. Absolute erroer was calculated merely trail 1. †¢ DiscussionAt standardisation of NaOH. overall standard divergence was 0. 0005 M. despite of lab manual said 0. 00015 or less. Standardization of NaOH was performed max 7 trails that was limited by lab manual. There was one opportunity to diminish interval between 0. 00015 M and 0. 0005 M. but the consequences of Grubbs-test said there was no outlier. So. there was no manner to cut down standard divergence. When solution turned to tap colour. titration was stopped. But titrations were non stopped at same pink colour. Some trails were stopped by really subdued pink colour. other trails were stopped by really strong pink colour. What if whole trails were stopped by clean titration’s pink colour? It might diminish mistake coming from colour of index. Calculated % KHP was 35. 76 (  ±0. 17 ) % at 95 % assurance interval. existent per centum of impure KHP was 36. 15 % . This exist ent per centum was non included in scope of 95 % assurance interval 35. 59 % ? ? ?35. 93 % . If standardisation of NaOH was more accurate. % KHP was more exact. % KHP was included in 99 % assurance interval. 35. 76 (  ±0. 38 ) % . but 99 % assurance interval besides included more mistake.