Economic Growth and Economic Development – Senior Five Economics Notes

These teacher-prepared notes for Senior Five Economics cover economic growth and economic development. They start by defining economic growth and explaining what affects it, such as natural resources, labour skills, land tenure, capital, technology, political climate, savings, inflation and population growth. Lists then show the factors that promote growth and the factors that limit it. The notes also cover the benefits and costs of growth. The development section defines economic development and sets out development goals, the features of a developed economy and indicators of development in Uganda. It ends with W.W. Rostow's five stages of economic growth and the features of each stage.