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Economic growth can be achieved by profitable businesses, consumers making purchases and an even production rate and consumer rate also plays a role.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agofactors of production
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How are economic growth and productivity related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
Economic growth may be represented by a?
Economic growth is represented by an increase in demand for products and therefore, an increase in employees being hired.
How are productivity are growth related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
Economic growth in South Africa?
economic growth is the annual rate of increase in total production or income in the economy
How are economic growth and productivity related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
Economic growth may be represented by a?
Economic growth is represented by an increase in demand for products and therefore, an increase in employees being hired.
How are productivity are growth related?
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
Why did industrialists favor the nation bank?
Nova net: they belived it promoted economic growth
Economic growth in South Africa?
economic growth is the annual rate of increase in total production or income in the economy
After independence Mexico made it easier than it had been for settlers to come east in order to increase?
Economic growth and security
A decline in interest rates is expected to?
increase economic growth
What is Economic growth is a measure of the increase in?
the gross domestic product.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
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.
