what are the four supply factors of economic growth? (b) what is the demand factor? (c) what is the efficiency factor? illustrate these factors in terms of the production possibilities curve.

Respuesta :

The four deliver elements are the quantity and high-quality of herbal sources; the amount and exceptional of human assets; the inventory of capital items; and the quantity of technology. The call for element is the quantity of purchases needed to maintain complete employment.

The call for element refers to the willingness of families, companies, and the government to shop for items and offerings furnished with the useful resource of the monetary gadget. performance component refers to an economic system's capability to make use of its scarce resources such that the pleasure and software program derived from it are maximum.

Employment most generally manner the state of getting a paid process—of being hired. To hire someone is to pay them to work. An company provides employment to personnel. Employment is an crucial part of the financial, social and environmental improvement technique and manner of any u.s.. Employment provides financial freedom and selection making strength. Employment possibilities for citizens in India can help to lessen corruption, put off terrorism.

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