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there are many factors which contribute to GDP but the major sectors are agriculture sector, service sector and industries like automoblie, textile, steel etc.

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13y ago
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11y ago

great inventions and people that work assiduously

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Q: What are the two main factors that contribute to global economic growth?
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Related questions

Explain growth of the global economy?

There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.


Describe the factors that contribute to exponential and logistic population growth?

factors that contribute to exponential growth is unlimited resources while factors that contribute to logistic population growth is limited resources.


Which factor did not contribute to the growth of the South's population during the 1970's?

One factor that did not contribute to the growth of the South's population during the 1970s was economic growth. While economic growth can often attract people to an area and contribute to population growth, the South experienced slower economic growth compared to other regions during this time period. Factors such as increasing job opportunities and favorable business conditions were not as prominent in the South during the 1970s, which limited its population growth.


How can microeconomics contribute to economic growth of a country?

yes


Which of the following do not contribute to economic growth?

I am sorry but we can't answer because we don't know what your list is concerning economic growth.


How do enterprises contribute to economic growth?

Business enterprises contribute to economic growth by providing employment opportunities. This allows for more financial success and more money to flow into the economy.


How can you contribute in the economic growth in your respective community?

Please answer this question..


How do business enterprises contribute to economic growth?

Business enterprises contribute to economic growth by providing employment opportunities. This allows for more financial success and more money to flow into the economy.


How do handicrafts contribute to the economic growth of the country?

this shongo, abnormal, batignawng


How do handicraft contribute to the economic growth of the country?

this shongo, abnormal, batignawng


What factors contribute to deforestation in Central America South America and the Caribbean volcanoes land ownership regulations flooding economic growth agricultural expansion?

All of the above.


How does taxation contribute to economic growth and development?

It doesn't. Rather, taxation removes capital from the private sector where all economic growth and development occur.