https://ecobizsuccess.com A pathway to societal well-being Thu, 05 Nov 2020 11:17:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://ecobizsuccess.com/theories-of-economic-development https://ecobizsuccess.com/theories-of-economic-development#respond Tue, 27 Dec 2016 02:21:23 +0000 https://ecobizsuccess.com/?p=80 The Harrod- Domar theory of economic growth considers that the rate of growth of GNP is determined mutually by the national savings ratio and the national capital-output ratio. As a result in order for an economy to grow, the most vital strategies is to save and invest a certain proportion of their GNP; but then […]

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