2. THEAFRIKAMARKET.COM

3. ECONOMICS IN AFRICA

4. TRACKING ECONOMIC GROWTH EXPLAINING: How does economic growth help reduce poverty in a country? ECONOMIC GROWTH LEADS TO GROWTH IN THE INCOME OF POOR PEOPLE.

5. MAKING CONNECTIONS: Does increasing the growth rate in a country automatically lead to the reduction of poverty? THE INCERASING GROWTH RATE IN A COUNTRY DOES NOT AUTOMATICALLY LEAD TO POVERTY REDUCTION. A MORE EQUAL DISTRIBUTION OF INCOME IS ALSO NEEDED. ECONOMIC GROWTH WILL REDUCE POVERTY MORE QUICKLY IF POOR PEOPLE WERE ABLE TO PARTICIPATE MORE FULLY IN THE ECONOMY.

6. IDENTIFYING What steps need to be taken to insure that poor people benefit from economic growth? GOVERNMENT NEEDS TO ENSURE THAT POOR PEOPLE ARE ABLE TO PARTICIPATE IN THE ECONOMIC OPPORTUNITIES CREATED BY THE INCREASE IN GROWTH BY IMPROVING HEALTH CARE AND SKILLS OF POOR PEOPLE, SECURING RIGHTS OVER POVERTY, AND PROVIDING GREATER ACCESS TO MARKETS AND CAPITAL.

7. LISTING What obstacles need to be overcome to accelerate economic growth in Africa? OBSTICLES INCLUDE WEAK INFRASTRUCTURE [LACK OF ROADS, SCHOOLS, UTILITIES, SANITATION], A DISCOURAGING INVESTMENT CLIMATE [FOREIGN COUNTRIES ARE AFRAID TO LOSE MONEY BY INVESTING IN AN UNSTABLE COUNTRY], AND GEOGRAPHIC PROBLEMS [AREAS PRONE TO DROUGHT].

8. WHY DOES POVERTY EXIST IN COUNTRIES WITH PETROLIUM, GOLD, URANIUM, AND DIAMONDS? OFTEN CORRUPT GOVERNMENT SIFFON OF WEALTH AND THE INCOME FROM SUCH RESOURCES ARE NOT USED FOR EDUCATION, HEALTH CARE, OR INFRASTRUCTURE BUT FUND THE MILITARY TO HELP KEEP SUCH CORRUPT RULERS AND GOVERNMENT IN POWER.

9. WHAT ARE FACTORS OF PRODUCTION? LAND refers to natural resources used to make products. CAPITAL refers to human made goods sued to make goods and services. LABOR or HUMAN CAPITAL refers to workers who make goods and provide services. ENTREPRENEURS assume financial risk by developing goods and services to make a profit.

10. WHAT FACTORS ARE USED TO DETERMINE THE HUMAN GROWTH INDEX? LIFE EXPECTANCY EDUCATION RATE [LITERACY RATE] PER CAPITA GROSS DOMESTIC PRODUCT [GDP]

11. WHAT THREE THINGS CONTRIBUTE TO IMPROVE A COUNTRY’S HUMAN CAPITAL? Remember T – H – E Training so workers / human capital know what to do Health Care so workers are healthy and show up to do the job Education so workers can improve their position and move up

12. WHAT ARE THE GOALS OF A MIXED ECONOMY? Efficiency – DOING THE JOB BETTER AND FASTER stability – AS IN GOV’T AND ECONOMIC CONDITIONS equality – THE RIGHT TO WORK FOR ALL CITIZENS full employment – HAVING JOBS FOR ALL CITIZENS growth – ECONOMIC CONDITIONS THAT LEAD TO AN EVER GROWING ECONOMY

13. WHAT CAN IMPROVE PRODUCTIVITY? Full employment allows for the production of a greater amount of goods and services.

14. WHAT IS SPECIALIZATION? When nations use their scarce resources to produce those things that they produce better than other countries.