Rousseau Source From Great Minds Come Great Ideas All ancient civilizations had an established form of government, from the Sumerians to the Romans, Greeks and Babylonians, and each form of government was based on certain principles and laws. Just as assuredly, philosophers were right there to contemplate and debate the political theories of those times. It was from the writings and teachings of many of those philosophers that the founders of the Constitution derived many of the articles that form the backbone of that great work.
The term economic growth is associated with economic progress and advancement. Economic growth can be defined as an increase in the capacity of an economy to produce goods and services within a specific period of time. In economics, economic growth refers to a long-term expansion in the productive potential of the economy to satisfy the wants of individuals in the society.
Apart from this, it plays a vital role in stimulating government finances by enhancing tax revenues. This enables the government to earn extra income for the further development of an economy. The economic growth of a country is possible if strengths and weaknesses of the economy are properly analyzed.
Economic analysis provides an insight into the essentials of an economy. It is a systematic process for determining the optimum use of scarce resources and selecting the best alternative to achieve the economic goal. Moreover, economic analysis helps in assessing the causes of different economic problems, such as inflation, depression, and economic instability.
It is performed by taking into consideration various economic variables, such as demand, supply, prices, production cost, wages, labor, and capital. Meaning of Economic Growth: Economic growth can be defined as a positive change in the level of goods and services produced by a country over a certain period of time.
An important characteristic of economic growth is that it is never uniform or same in all sectors of an economy For example, in a particular year, the telecommunication sector of a country has marked a significant contribution in economic growth whereas the mining sector has not performed well as far as the economic growth of the country- is concerned.
Economic growth is directly related to percentage increase in GNP of a country. In real sense, economic growth is related to increase in per capita national output or net national product of a country that remain constant or sustained for many years.
Economic growth can be achieved when the rate of increase in total output is greater than the rate of increase in population of a country. In such a case, per capita increase in GNP would be 7. On the other hand, if the rate of increase in GNP and population is same then the actual growth of GNP would be zero, which implies that there is a decrease in per capita income.
As a result, there would be no economic growth. Therefore, in such a case, standard of living of people would not improve even when there is an increase in the total output of a country.
However, such a growth is better than the stagnation of an economy. The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies.
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. Refers to one of the most important determinant of economic growth of a country. The quality and quantity of available human resource can directly affect the growth of an economy.
The quality of human resource is dependent on its skills, creative abilities, training, and education.Philosopher who influenced the Founding Fathers and the Constitution. The Founding Fathers were heavily influenced by French philosopher Charles Secondat, Baron de Montesquieu when drafting the Constitution, most notably in connection with the separation of powers..
Born on January 18, , in Bordeaux, France, Montesquieu was trained in the classics as well as the law. (Factors could include advances in science, new technologies, conflict, etc.) You are encouraged to add to both lists throughout the lesson.
The last heading will help you gauge students' awareness of factors that influence groups of people to change. The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies.
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. Aug 27, · They are the first three words in the Preamble of the United States Constitution, the supreme law of the land. Adopted on September 17, , the Constitution has been the backbone of a country founded on a unique form of government, namely of the people, by Reviews: The single most important influence that shaped the founding of the United States comes from century European Enlightenment.
The American founders were well versed in the writings of the philosophes, whose ideas influenced the shaping of the new country. Thomas Jefferson, George Washington, James Madison, and others took the brave .
The founding fathers created a framework for governance with a careful balance of powers between three branches and a method to amend itself to adapt to changes in society. It allowed for the autonomy of individual states while providing a central authority in the form of a federal government.