Advantages Of Logistic Growth Model

The challenge is to combine the economics of growth with the economics of equality and social justice.in coming years the United Nation’s Sustainable Development Goals(SDG) should replace Millennium Development Goals as SDG can expand to include comprehensive measures of sustainable well beings. The world should realize that the real pride is not in the country’s monetary development but in the happiness and the satisfaction level of the people. National statistical systems need to widen their approach because THERE’S MORE TO LIFE THAN JUST

. Thomas Robert Malthus can be acknowledged to have laid the foundation and paved the way to future theorists interest in the subject of population growth being a major problem with dire consequences such as poverty and misery. Extensive research on the topic has been done thereafter and a great deal of the theorists concluded that population growth is a problem but moreover it can potentially hinder development as more people equate to a higher demand on resources, services, food and employment. These findings were especially directed to the developing countries as they are characterised as being grossly overpopulated and developing notably slowly. It is important to note that for every view or argument, there is a counter argument.

Discussion The main argument supporting authoritarianism help economic development is the state can enjoy autonomy in drawing development policy which face less resistance force from the public and more public interests oriented. When countries are developing its economy, huge investment is needed to start-up the economy and state will cut off the current consumption. The party insist for a “better future” will never win in the election. As a result, the country will never have enough resources accumulate for future economic development (Rao, 1984, p.75 as cited in Prezworski A. and Limongi L., 1993, p.54). In this sense, authoritarianism has its own advantage as it can draw and execute policy beneficial to economic development without facing the objection from citizens.

Debate on this issue is well covered amid to increasing political and economic concerns of immigration and the threats it may entail. Economically, there is little empirical evidence to suggest that migration is a threat, there is only theoretical evidence to suggest this. This paper will analyse the evidence available and will show that theoretically, in the short run, immigration can be a threat but in the long run it may be an opportunity. A common argument against immigration is that an influx of immigrants can lead to the suppression of native’s wages although this is a contested theory. Another concern of immigration, is the idea that immigrants will be a fiscal burden on its host country due to the welfare magnet hypothesis, (Borjas, 1999) as low-skilled immigrants are attracted to countries with high social benefits.

The world population growing exponentially and to some, it may be a concern but looking from an optimistic view than the Cornucopian point of view makes sense because people believe that the technology and capitalism will continue to make new ideas to help us in the future (Hughes). The Malthusian theory proposes an opposite opinion about the world population. It suggests that the world population is growing geometrically while the resources line is growing arithmetically. Soon the world population will reach the point of crisis and then the population is going to collapse (Hughes). Cornucopians have been right if looking at the current situation of the world.

At a substantial size of production, the managerial cost per unit of output may rise, however the tech­nical or production economies more than balance the administrative diseconomies so that the aggregate long-run normal expense does not rise or may even fall consistently, however at a little rate. Therefore the em­pirical proof accumulated by business analysts lately does not demonstrate U-shaped long-run average cost curve. As per the conventional theory, the long-run average cost curve is likewise "U" shaped like the short run average cost curve. In any case, a few economists have found from observational study that the LAC bend is L shaped as opposed to being "U" shaped .The LAC bends first fall quickly in the first place. However, after a point it turns out to be completely level or may inclines descending gradually.

Population size may vary as individuals are born or immigrate and other may die or emigrate. One model of population growth is the exponential Population Growth; which is the accelerating increase that occurs when growth is unlimited. It predicts that the larger the population is, the faster it grows. This growth model is normally for short lived organisms due to the introduction of a new or underexploited environment. Next, there is the Logistic Population Growth.

INTRODUCTION Economic growth is defined as the increased capacity of an economy to be able to produce goods and services in comparison from one period of time to another. This is figured by the genuine Gross Domestic Product (GDP) and development, and is measured by utilizing genuine terms such as “Balanced Inflation”. These terms help to remove any distorted views on the perceived outcome of inflation on the cost of merchandises produced. Likewise, Economic growth is related to the high expectations in a person’s standard of living. If the standards are high, it wouldn’t be beneficial for the economy as the working class individuals will face a lot of trouble.

Their cost does not count the damage they cause to the environment because of this renewable energies are more costly. Onshore winds is the only renewable energy with a cost of production as low as fossil fuels. Mandle states that there is a bias in our political funding. Our government does not want to invest in these new technologies because they are do not want future generations to suffer from tax increases. Mandle explains that not addressing the climate change situation will cause more damage to future generation than some tax increases.

Malthus’s Essay on the Principle of Population was an influential essay that proposed a systematic theoretical approach to population. Malthus had collected empirical data and proposed that human population growth increases at an exponential rate. Whereas, the production of food increases at an arithmetic rate. This means that in the long run arithmetic food growth coupled with an exponential growth of human population would lead to a future where humans have little to no resources to survive on. To avoid this Malthusian catastrophe, Malthus argued for controls on population through preventative and positive checks.