marcus asay explains economic growth and development-1

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    Economic Growth and Development,What it consists?

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    Mr. Marcus Asay earned his Bachelor of Science inBusiness and Public Administration. Marcus Asay

    went on to matriculate at Thunderbird, TheAmerican Graduate School of International

    Management, where he earned his Master ofBusiness Administration in 1982.

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    Mr. Marcus Asay began his impressive professional career as a dedicatedundergrad student attending California State University, Sacramento.

    Having come a long way since his academic career, Marcus Asay todayserves as a Principal of Planning and Development for IE/Cal Design &Development Center. With over 20 years of professional businessexperience under his belt, Marcus Asay has developed a solid reputation as

    an efficient leader with savvy business skills. As Principal of Planning andDevelopment, Marcus Asay is responsible for the management of projects,such as the firms newest design proposal for a National Museum of AfricanAmerican History and Culture in Washington, D.C. Under Marcus Asayskeen management, IE/Cal Design & Development Center has completed anumber of projects, including Kira Japanese Restaurant, the Fresno Falcons

    Ice Hockey Arena, and Trump National, Golf & Gardens.

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    A social science that instructs us to make optimal usage of bare and scarce resources

    is known as Economics. The economic system embraced and acquired by severalcountries can be socialism, mixed economy and capitalism. Basically, each and everyeconomic system has to aim and take 3 main economic considerations i.e. what todevelop, how to develop and for whom to develop? Lets start with socialism. In asocialist economy system, these three important economic decisions are brought upby state government, channelized by communities, public and social welfares. In acapitalist economy system, such essential economic decisions are conducted by

    private enterprisers, led by profit motives. Along with this, the mixed economysystem i.e. the combo of capitalism as well as socialism has the determined andfocused goal to draw profits for both the economic systems and annihilate theirfailings. The success and growth of a capitalist economy system entirely depends oncompetition and contention between varied economic entities. In fact, in the absenceof challenges and a spirit of competition, capitalist economy can turn non-competitive and head towards victimization of consumers.

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    Though, after attempting extremely for such noble goals, it hasbeen seen that developed economies are facing big problems dueto inadequate distribution of wealth and income. The rise in priceof basic commodities like goods, food items etc. have impactedtheir savings and decrease their living standards. So, try to raisethe production of food grains, adopt advanced farming techniques

    and irrigation facilities, cut down black marketing, speculation,hoarding and adulteration. In short, it is extremely important foreconomic development to get equal importance as of economicgrowth.

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    Thank You for reading my presentation!

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