Economic growth is defined as an increase in the production or output of goods and services in an economy from one period to another period. According to the principle of diminishing returns to capital, if more capital employed in the production of certain goods and services and other factors of production remains the same then as a result per unit of output goes on diminishing.

Hence, this change in the production level slows down the economic growth or even stop the economic growth of a nation.

3 0

3 years ago

Which of these groups was involved in developing the study Charting a National Strategy for the Next Generation of Accountants?

RSB [31]

Answer:

D. all of these

Explanation:

The pathway commission is a joint undertaking by the American Association and the AICPA to make a learned profession of the future integrations of the accounting research and the educational practices of the students and the educators.

5 0

3 years ago

After 1763, Britain's empire in America had nearly ________________.

nordsb [41]

Answer:

122 million pounds in debt

Explanation:

7 0

3 years ago

At the Constitutional Convention, the Virginia Plan appealed most widely to delegates of which kind of states?

aliya0001 [1]

The Virginia Plan (also known as the Randolph Plan, after its sponsor, or the Large-State Plan) was a proposal by Virginia delegates for a bicameral legislative branch. The plan was drafted by James Madison while he waited for a quorum to assemble at the Constitutional Convention of 1787.

Virginia's Plan was based on population. The larger states favored this plan because it would give them more representation in Congress.

7 0

3 years ago