A Comparison Of Economic Growth In Germany And Nor

A comparison of scotch increase in Germany and Norway from 1986 2010. The follow of four secernate concepts: comparative degree advantage, enculturation, scotch independence and vicissitude progress. Matúš Magic Utrecht University School of Economics gyp This paper explains why Germany and Norway argon whizz of the wealthiest nations in the humankind being by using 4 primal concepts comparative degree advantage, Innovation progress, Economic freedom and Culture. These four key concepts bear witness us what has had to be done for such economic success. despite quite many obstacles and bureaucracy in fit up a business in Germany the entrepreneurs are close up willing to start business here. This happens due to tight semiprivate property rights. In fact, it is easier to set up business in Norway than in Germany. On the other hand Germany has way much(prenominal) give out location for an world(prenominal) trade, which has propelled Germ any to become the second largest exporter in the world. However, the international trade in Germany and in any case in Norway would not be possible without peoples creativity and proclivity to develop innovative and new technologies. Entrepreneurs are ones who initiate and take a crap new technologies. Innovations and new technologies are the basic elements of economic growth.

Keywords: Germany, Norway, comparative advantage, innovation progress, economic freedom, culture A comparison of economic growth in Germany and Norway from 1986 2010. The feign of four key concepts: comparative advantage, culture, economic freedom and innovation pro! gress. In todays world some nations are rich others are not. gross domestic product is a measure of the output of an economy. In fact gross domestic product is in addition the most common indicator for measuring wealth of nations. GDP is a total amount of goods and work produced in a country in a year. It is obvious that GDP changes each(prenominal) over time. Usually GDP increases from one year to another, what indicates that doing of goods and services increases. But this might be very...If you want to welcome a full essay, order it on our website: BestEssayCheap.com

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