Development and growth are often used interchangeably in the field of CED
Select any three of the following questions and prepare a one-two page answer for each one of the questions. 1. Development and growth are often used interchangeably in the field of CED. How are they similar or different concepts? Some suggest that community economic development is just about jobs and income. Is this sufficient? Please explain. 2. In simple terms describe how Adam Smith’s notion of the Invisible Hand functions in vulnerable communities. In this idealized world, what is the role of public policy as it relates to community economic development? 3. As an economy grows will incomes tend to converge (grow together) or diverge (move apart)? Please explain. 4. What are agglomeration economies and how does it affect (1) growth and (2) location of economic activity on an economic plane? How does it relate to economic clustering? 5. How does economic growth affect land values in regions adjacent to rapidly growing communities? Can “sprawl” be[unique_solution]
Select any three of the following questions and prepare a one-two page answer for each one of the questions. 1. Development and growth are often used interchangeably in the field of CED. How are they similar or different concepts? Some suggest that community economic development is just about jobs and income. Is this sufficient? Please explain. 2. In simple terms describe how Adam Smith’s notion of the Invisible Hand functions in vulnerable communities. In this idealized world, what is the role of public policy as it relates to community economic development? 3. As an economy grows will incomes tend to converge (grow together) or diverge (move apart)? Please explain. 4. What are agglomeration economies and how does it affect (1) growth and (2) location of economic activity on an economic plane? How does it relate to economic clustering? 5. How does economic growth affect land values in regions adjacent to rapidly growing communities? Can “sprawl” be