According to the commonly used definition, you speak of economic growth when the number of goods and services is produced. The growth rate measures the percentage increase in real GDP from year to year. Why should Wallin Hester know about the economic growth principle? In principle, economic growth can come about in two ways. On the one hand, it comes through improved capacity utilization. And on the other hand, it is through an.. Read More
How Developing Countries’ Economy Benefit from Outsourcing
Outsourcing benefits companies in a very number of ways, from cutting costs, increasing the standard of their products and services to helping them grow their bottom line. This can be a fact known to both multinational companies and SMEs based in developed countries who are outsourcing aspects of their businesses, particularly to developing countries, for years. But at the receiving end of the process, how does it help the people? How does.. Read More
