resources which are not fully tapped are known as potential resources.they need detailed survey for there use.
actual resources are fully taped and their quantities are confirmed .there optimum utilization depends upon the development of the technology
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
• Potential growth is the change in the ability of the economy to produce goods and services.•Actual growth is a rise in the quantity of goods and services produced
Potential growth refers to the maximum capacity an economy can grow at, it is always greater than actual growth because an economy cannot realistically function at full capacity. By full capacity i mean full employment, using all resources the most efficient way. Technically there shouldn't be any macroeconomic problems resulting from that because actual growth is always below potential growth, but if it gets further away then it could eventually lead to a recession.
According to the theories of macroeconomics, if actual output exceeds potential output, then the output will continue to grow as the price of inputs continues to fall.
inflation rates tend to accelerate
A type of natural resource that exists in a region and may be used in the future (in contrast to actual resource).A type of natural resource that has been surveyed for quality and quantity and used in present time (in contrast to potential resource).
actual buyer is that which is actual buyer and potential buyer is that which is potential buyer..............
actual buyer is that which is actual buyer and potential buyer is that which is potential buyer..............
Media can be used in many different ways, some of which have not been discovered yet. The actual use is how they are being used today.
statistical significance
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
potential stock/actual developed reserved
Potential conflict refers to a situation where there is a possibility of conflict arising but it has not yet escalated. Actual conflict, on the other hand, is a situation where there is clear evidence of disagreement or tension between parties.
An actual buyer is someone who is committed to buying a product whereas a potential buyer is some who is interested in buying, but may not.
difference between actual cost and potential price
Its the gap between the actual and potential GNP
The differences between charges and expenses is actually quite insignificant. Charges are fees and expenses are actual bills that must be paid.