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An increase in the quantity of capital per worker, which is reflected by a movement along the per-worker production function. According to Simon Kuznets, changes in the quantities of labor and capital account for only one-tenth of the increase in economic growth
An improvement in the quality of capital per worker, and it is is reflected by technological change that rotates the curve upward. It accounts for nine-tenths of the increase in economic growth.
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What are three kinds of resources required for developing the economy of an area?
Three essential resources for developing the economy of an area are human capital, financial capital, and natural resources. Human capital involves the skills and education of the workforce, which drive innovation and productivity. Financial capital provides the necessary funding for investments in infrastructure and businesses. Natural resources, such as minerals, water, and fertile land, can also significantly contribute to economic growth by supporting industries like agriculture and manufacturing.
What three kinds of resources does a business need to manufacture products?
Natural resources, human resources, and capital resources.
How many different kinds of cheese does France produce?
At last count 629 recognised cheeses, but it changes all of the time.
How can direct mail services help increase office productivity?
Direct mail services, in which a mailing is sent to specific kinds of consumers deemed prospective customers, can increase office productivity by quickly connecting the office in question with those in need of the services provided. By tailoring specific mailings to specific categories of customers, companies can more easily assign the proper service representative.
What are kinds of economic implation?
what are kinds of economic implation? what are kinds of economic implation?
What are the kinds of capital?
Following are kinds of capital:Authorised capitalSubscribed capitalPaid up capitalIssued capitalCalled up capital
What are the three main kinds of capital?
The three main kinds of capital are: 1.Human capital (health & knowledge 2.Social capital (families & friends 3. Financial capital (money & properties)
What are the kinds of changes?
PermanentTemporaryGoodBad
What kinds of things could be considered capital resources?
Buildings are considered capital. Cash and vehicles are not considered capital.
What kinds of of phenotype changes are the result of evolution?
Changes that are genetic
What kinds of phenotype changes are the results of evolution?
Changes that are genetic
What kinds of phenotype changes are the result of evolution?
Changes that are genetic
What kinds of changes in substances are always physical change?
The kinds of changes in substances that are always physical changes are changes in the state. This is the change from solid, to liquid and then to gas and the reverse.
What kinds of changes can separate mixtures?
Physical
What are the kinds of changes of water?
Water cycle
What are three kinds of resources required for developing the economy of an area?
Three essential resources for developing the economy of an area are human capital, financial capital, and natural resources. Human capital involves the skills and education of the workforce, which drive innovation and productivity. Financial capital provides the necessary funding for investments in infrastructure and businesses. Natural resources, such as minerals, water, and fertile land, can also significantly contribute to economic growth by supporting industries like agriculture and manufacturing.
What kinds of phenotypic are the results of evolution?
Changes that are genetic
