Economic and Non-economic Factors
Economic and Non-economic Factors
Economic growth is an increase in real output or real income, while economic development is a broader improvement in living standards, health, education and economic opportunities. Growth can support development, but growth alone does not guarantee that living standards improve for everyone.
Step-by-step lessons covering Edexcel A A Level Economics 4.3.2 Factors influencing growth and development for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.