0
Economic growth happens when increasing amounts of goods and services are produced in a city region or country over the long term. How does investment impact economic growth?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
How does investment impact economic growth?
It helps increase productivity
What is the unemployment produced by fluctuations in economic activity called?
The unemployment produced by fluctuations in economic activity is called
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
How does Mexico answer the three economic questions?
What goods and services should be produced - export goods, as Mexico has an export-oriented economy. How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used. For whom should the goods and services be produced - international markets.
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
How does investment impact economic growth?
It helps increase productivity
What is the unemployment produced by fluctuations in economic activity called?
The unemployment produced by fluctuations in economic activity is called
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
How does Mexico answer the three economic questions?
What goods and services should be produced - export goods, as Mexico has an export-oriented economy. How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used. For whom should the goods and services be produced - international markets.
What is an economic system in which government makes all economic decisions about how goods and services and produced and distributed is called?
Socialism.
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
Which of these is not one of the basic economic question?
Where should products be produced
What of these is not one of the three economic questions?
Where should products be produced (:
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
What basic economic questions is a nation not required to answer?
where should the products be produced
