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What was a result of the industrialization in the 1800s?
People worked in unsafe conditions APEX
Forecasts of economic growth have consistently?
over estimated econimic growth from 1996 to 1999
Why did industrialists favor the nation bank?
Nova net: they belived it promoted economic growth
What are two factors that contributed to economic growth in the zhou dynasty?
During the Zhou Dynasty, economic growth was significantly influenced by the development of agriculture through advancements like iron tools and plowshares, which increased productivity. Additionally, the establishment of trade networks and the use of currency facilitated commerce and the exchange of goods, further stimulating economic activity. These factors collectively helped to enhance agricultural output and promote trade, contributing to the overall prosperity of the dynasty.
What is meant by industrial dualism?
Industrial dualism refers to the coexistence of two distinct sectors within an economy: typically, a modern, industrialized sector characterized by advanced technologies and higher productivity, and a traditional, less developed sector often reliant on agriculture or manual labor, with lower productivity and income levels. This disparity can lead to significant inequalities in economic growth, employment opportunities, and living standards. The concept highlights the challenges faced by developing countries in bridging the gap between these two sectors, fostering inclusive growth, and achieving overall economic development.
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.
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.
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
Which factor contributed to the US economic growth in the 1950s?
US productivity in manufacturing U.S. industrial power the growth of domestic consumerism
What is Labor Productivity and how is it important to economic growth?
Labour productivity is defined by the OECD to be "the ratio of a volume measure of output to a volume measure of input" OECD Manual: "Measuring Productivity; Measurement of Aggregate and Industry-Level Productivity Growth. Labour productivity is important to economic growth because without it no one would be working.
What has the author Kupukile Mlambo written?
Kupukile Mlambo has written: 'Total factor productivity growth' -- subject(s): Econometric models, Manufacturing industries, Demand functions (Economic theory), Industrial productivity
What factor besides the plague delayed the renaissance in Northern Europe?
lack of economic growth lack of economic growth lack of economic growth
What is a large barner to economic development?
Stagnation, stagflation, and under-productivity were contributors. No growth in wages and no productivity is a problem in economic development. Those in a nutshell are the large issues in such cases.
How does investment impact economic growth?
It helps increase productivity
How does the relationship between wage and productivity impact overall economic growth and prosperity?
The relationship between wage and productivity is important for economic growth and prosperity. When wages increase in line with productivity, workers are motivated to work harder and produce more, leading to higher economic output. This can result in overall economic growth and prosperity as businesses become more efficient and profitable, which can lead to higher standards of living for individuals and a stronger economy.
The growth of towns was one factor in the growth o this economic activity?
commerce
What one factor of production the most important?
It is difficult to determine one single most important factor of production as it can vary depending on the context. However, labor is often considered a critical factor as it involves human capital that drives innovation, productivity, and economic growth.
