Economic factors are the resources that can influence a person on his/her every day life.
The official definition of the word socio-economic is "relating to or concerned with the interaction of social and economic factors."
examples of non economic factors
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
for an organization economic factors mean factors which affect the organisation policy decision.some factors are controllable & some are uncontrollable
refers to unstable economic in the nation
The official definition of the word socio-economic is "relating to or concerned with the interaction of social and economic factors."
examples of non economic factors
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
for an organization economic factors mean factors which affect the organisation policy decision.some factors are controllable & some are uncontrollable
refers to unstable economic in the nation
what are the factors that can change in an experiment
What THREE factors contributed to U.S. economic success?
Economic Problems means trouble in the Economy
Do it
A wide variety of factors affect economic and non economic industrialization. The culture of the people, the social climate, and the political motives of the nation all affect industrialization.
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.
technological factors,economic factors and social cultural factor