list and explain five factors that can contribute to an economy’s growth

Answers

Answer 1

Answer:

-An economy can grow when there is an increase in the productivity of labor. This means that more output can be produced with the same amount of input, or the same amount of output can be produced with less input.

-An economy can also grow when there are increases in capital investment, such as factories and machinery.

-Natural resources may contribute to economic growth if they are exploited effectively.

-The size of a country’s population affects its potential for economic growth – a larger population generally indicates a greater potential workforce and consumer base.

-Last but not least, technological advances usually lead to increased efficiency and higher levels of production across most sectors


Related Questions

1. Under what circumstances were abortion allowed in Texas 1969?


2. What did the Texas District court judges rule in wade legal case

3. What constitutional arguments did coffee and weddington use?

Answers

1. Abortion was allowed in Texas in 1969 if the pregnancy posed a threat to the woman's life or health.

2. The Texas District Court judges ruled that abortion was legal in the Wade legal case.

3. The constitutional arguments used by coffee and weddington were that abortion was a right protected by the Constitution.

Texas:

Texas is a state in the United States' South Central region. With a total size of 268,596 square miles (695,662 km2) and a population of more than 29.1 million people in 2020, it is the second-largest state in the United States in terms of both area (after Alaska) as well as population (after California). Texas borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, as well as the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest, as well as the Gulf of Mexico.

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What organization created the Occupational Outlook Handbook?

CareerOneStop
O*NET
the BLS
a CTSO

Answers

The organization that created the Occupational Outlook Handbook is: C. the BLS.

What is O*NET?

O*NET is an abbreviation for occupational information network and it can be defined as an online database or free resource center that is updated with several occupational definitions on a timely basis, so as to help the following categories of people understand the current work situation in the United States of America:

Job seekersWorkforce development professionals.Business firmsStudentsHuman resource (HR) managers

What is BLS?

BLS is an abbreviation for Bureau of Labor Statistics and it can be defined as an organization created by the national government of the United States of America.

Generally speaking, the Bureau of Labor Statistics (BLS) is saddled with the responsibility of creating the Occupational Outlook Handbook and ensuring that the labor rights of American citizens are enforced throughout the United States of America.

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