0
Physical capital, human capital, natural capital & technological change.
What else can I help you with?
What are the four factors of economic growth?
The four factors of economic growth are natural resources, human capital (labor), physical capital (machinery, buildings), and technology. These factors work together to drive productivity, innovation, and overall economic expansion in a country.
What are the factors affecting economic growth in the UK?
Economic growth is measured by an increase in the real Gross National Product of a country or its GDP. There are two types of economic growth, long run and short run economic growth. Short run economic growth is caused by an increase in the aggregate demand of an economy, otherwise referred to as AD. AD is made up of four factors, consumption, investment, government spending and the net worth of imports and exports. An increase in any of these factors can lead to an increase in real GDP. Long run economic growth is caused by an increase in the quality or quantity of the factors of production of the economy. These FOP's are land, labour, capital and enterprise. An increase in any of these factors will cause an increase in the potential output of an economy meaning it has the potential to produce more.
What are the economic and political factors that affect the Philippines economic growth?
Economic factors that affect the Philippines' economic growth include inflation rates, exchange rates, fiscal policies, and infrastructure development. Political factors such as stable governance, corruption levels, and policy consistency also play a significant role in influencing the country's economic growth trajectory.
What are the factors that encourage the growth of slavery?
Social, Economic, Geographic
What are four things that can be looked at when promoting economic strength?
growth, stability, employment, economic citizenship
What are the four stages of the economic cycle and what do they entail?
recession decreasing growth economic general slowdown
Which are the 4 factors on which economic growth is considered to be dependency theory by bar-an?
Baran's dependency theory identifies four key factors contributing to economic growth in developing countries: the exploitation of resources by developed nations, unequal exchange in trade relationships, the perpetuation of underdevelopment through foreign investment, and the impact of foreign aid that often reinforces dependency rather than fostering self-sustaining growth. These factors highlight the structural inequalities that hinder genuine economic progress in poorer nations.
What factors among the following are least likely to promote economic growth?
Among the following factors, government instability, lack of infrastructure, and high levels of corruption are least likely to promote economic growth.
What are four obstacles to growth in developing nations?
Economic Growth, High Population, Poor Development, Corruption
Outcomes meets the economic goal of growth?
There are many outcomes that can meet economic growth goals. Some factors that could help meet economic goal growth would include more education, jobs, manufacturing, and industries.
Name are two factors that contributed to economic growth in the Zhou dynasty?
people
Which of these factors made the United States especially favorable for economic growth?
All of these
