Explain the Principle of Compound Growth

question 11

Essay

Explain the principle of compound growth.

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Definitions:

Douglas MacArthur

An American five-star general and Field Marshal of the Philippine Army who was Chief of Staff of the United States Army during the 1930s and played a prominent role in the Pacific theater during World War II.

Harry S. Truman

The 33rd president of the United States (1945–1953) known for his leadership during the final stages of World War II and the early years of the Cold War.

Voiced Sympathy

Expressing feelings of pity and sorrow for someone else's misfortune.

Communism

A political and economic ideology aiming for a classless society where the means of production are communally owned and everyone contributes and receives according to their ability and needs.