In recent years, substantial attention has been focused on the existence of slavery in Sudan. As world attention focused on the problem of slavery in Sudan, several religious and human rights groups attempted to deal with this issue by buying the freedom of these slaves. Several concerns have been raised, however, about the unintended consequences associated with these slave redemption programs. A simple demand and supply model of the market for slaves can effectively illustrate these concerns. Full Debate Technological advances allow society to produce more output from the existing mix of resources.
Society clearly gains from the production of either more output or more highly valued output.
Full Debate One of the requirements for economic development in a low-income economy is an increase in the nation's stock of capital. Full Debate U.S. Presidential elections are often won and lost on the basis of the state of the economy in the period leading up to the election. When people are asked to list the economic problems about which they are most concerned, unemployment and inflation generally top the list. Economic growth is rarely mentioned as one of the most pressing concerns. The importance of economic growth is often overlooked.