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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.
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∙ 11y ago
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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 economic importance of calcium 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.
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.
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
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 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... :)
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: )
What are The benefits of domestic tourism for south Africa?
South America depends on tourism to help stimulate its economic growth. It helps builds jobs and holds the opportunity for even more growth.
