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By reselling goods it cheaters a worspace which require both workforce and capital. Workforce being paid is considered "employment compensation" and used up capital are main parts of value added in nation economy.
Economic growth, which is most often refered to as GDP growth consists mainly of value added growth, therefore by retailing and making jobs you are helping economy grow.
To put it simply: it creates jobs.
What else can I help you with?
What is the economic importance of carbonate?
yes,there is a importance of calcium carbonate as it helps the farmers to grow more good crops and this produces more growth of foodgrains and highly affects the economic growth of country.
How export helps a country to achieve high rate of economic growth?
Due to increase in National Income via exports the economy starts to growth.
How does music helps in economics growth of ones country?
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How does investment impact economic growth?
It helps increase productivity
What helps economics judge the overall condition of a particular countrys economy?
A measurement of economic indicators.
What is the economic importance of carbonate?
yes,there is a importance of calcium carbonate as it helps the farmers to grow more good crops and this produces more growth of foodgrains and highly affects the economic growth of country.
How export helps a country to achieve high rate of economic growth?
Due to increase in National Income via exports the economy starts to growth.
What is the economics importance of Calcium?
yes,there is a importance of calcium carbonate as it helps the farmers to grow more good crops and this produces more growth of foodgrains and highly affects the economic growth of country.
How does music helps in economics growth of ones country?
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What are the two ways to measure economic growth Why is economic growth important What are the two sources of economic growth?
ways to measure economic growth:1 GDP- gross domestic product2 GNP- gross national productThese show how much money is flowing around the economyhope this helps
What is traditional retailing?
I'm not 100% but i think traditional retailing is general shops in comparison to e-commerce (shopping over the internet) Hope this helps... :)
How does investment impact economic growth?
It helps increase productivity
What is the importance of safely?
It helps to develop nation as well as country and economic condition
What helps economics judge the overall condition of a particular countrys economy?
A measurement of economic indicators.
Which helps economists judge the overall condition of a particular country's economy?
A measurement of economic indicators: )
Why is price stability important for economic growth and financial stability?
Price stability is important for economic growth and financial stability because it helps businesses and consumers plan for the future with confidence. When prices are stable, businesses can make long-term investments and consumers can make informed purchasing decisions. This leads to a more efficient allocation of resources, which supports economic growth. Additionally, price stability helps to prevent inflation and deflation, which can disrupt financial markets and harm overall economic stability.
What is the relationship between spending and GDP?
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
