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Why would expanding the nation's communications network be considered an increase in wealth?
Expanding the nation's communications network enhances connectivity, facilitating more efficient information exchange and collaboration across various sectors, such as business, education, and healthcare. This improved access can lead to increased productivity, innovation, and economic growth, ultimately contributing to a higher standard of living. Furthermore, a robust communications infrastructure can attract investments and create jobs, reinforcing the overall economic wealth of the nation.
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Why would expanding the nations communications network be considered an increase in wealth while improving the education of its people would not be considred an increase in wealth?
Expanding a nation's communications network is often seen as an increase in wealth because it directly enhances economic productivity, facilitates trade, and attracts investment by improving connectivity and access to information. In contrast, while improving education is crucial for long-term development, it may not yield immediate economic returns that are easily quantifiable or visible in terms of GDP. Thus, the economic impact of communication infrastructure tends to be more immediate and measurable, while the benefits of education accrue over a longer time frame and can be harder to quantify in monetary terms.
What group was in favor of expanding the nations money supply?
bankers
What theory holds that a nations power depends expanding its trade?
Mercantilism
What types of jobs are on the increase in developed nations?
Jobs in service and information industries are on the increase in developed nations.
How do capital and human capital increase the wealth and income of nations?
how do capital and human capital increase the gdp wealth and income of nations
Which resource of production is only one that nations can significantly increase in the short-term?
Capital resources is the only one that nations can significantly increase in the short-term.
Zheng He contributed to the prosperity of China under the Ming Dynasty by?
expanding trade with nations of Asia and Africa
Which resource is the only one that nations can increase significantly in the short term?
Capital resources is the only one that nations can significantly increase in the short-term.
Maintains continuous communications with foreign countries and negotiates treaties and agreements with foreign nations?
Department of State
Who maintains continuous communications with foreign countries and negotiate treaties and agreements with foreign nations?
State Department
Which resource of production is the only one that nations can significantly increase in the short-term?
Capital resources is the only one that nations can significantly increase in the short-term.
Which resource of the production is the only one that nations can significantly increase in short term?
Capital resources is the only one that nations can significantly increase in the short-term.
