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Discuss Operation Ceasefire, include the names of some of the agencies involved in this effort.Why do you think this initiative was successful?
Catch-Up Effect
The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.
Capital
Refers to assets or resources that businesses or individuals use to generate wealth through investment.
Saving Rates
The proportion of disposable income that individuals or an economy as a whole save rather than spend on consumption.
Income Growth
An increase in the amount of money earned by individuals or households over time.
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