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What was a result of the industrialization in the 1800s?
People worked in unsafe conditions APEX
What is a factor labor used in American?
In the American context, labor is a critical factor of production that refers to the human effort involved in the creation of goods and services. It encompasses a wide range of activities, from skilled trades to unskilled work, and is essential for driving economic growth and productivity. Labor also plays a significant role in determining wages, working conditions, and overall economic inequality within the workforce. As such, labor policies and the dynamics of the labor market are key considerations for policymakers and businesses alike.
Forecasts of economic growth have consistently?
over estimated econimic growth from 1996 to 1999
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.
Why did industrialists favor the nation bank?
Nova net: they belived it promoted economic growth
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 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 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 factor besides the plague delayed the renaissance in Northern Europe?
lack of economic growth lack of economic growth lack of economic growth
Explain the factor respnsible for the development and growth of Pittsburgh?
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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.
How does productivity lead to a sudden change in economic output. Explain?
Productivity increases can lead to a sudden change in economic output by allowing businesses to produce more goods or services with the same or fewer resources. This efficiency often results from technological advancements, better management practices, or improved worker skills. As productivity rises, companies can lower prices, increase profits, and reinvest in growth, stimulating demand and overall economic activity. Consequently, a surge in productivity can lead to rapid economic expansion, creating a positive feedback loop.
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.
The growth of towns was one factor in the growth o this economic activity?
commerce
