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1 year ago

How can clearly defined and strictly enforced property rights increase economic growth in a dvc?

Social Studies

1 answer:

nalin [4]1 year ago

7 0

Strictly enforced property rights increase economic growth in a DVC are

Ensures workers receive rewards for their work;

Direct investment is encouraged by firms in IACs;

Investment risk is reduced.

How to improve DVC labor productivity? If capital accumulation increases production faster than growth, the margin of savings can generate more capital accumulation. When private DVC savings are transferred to an IAC account, this is known as capital.

The four main determinants of economic growth are human resources, natural resources, capital formation, and technology, but the importance that researchers place on each determinant is always different.

There are three main factors driving economic growth. Accumulation of capital stock. Increased labor input, eg B. workers or working hours. Technological progress.

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Scholar-officials of the Song dynasty were not very admired by the public.

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The authority of the famous Song Dynasty in China was one of the most important in Chinese history in terms of civilization achievements, and has left a large mark on the entire world. Namely, it was during the Song Dynasty that the first state-level printing of paper money came to China, and for the first time, the north was also defined using a compass. Furthermore, the oldest record of the method of making gunpowder has been preserved from the Song Dynasty. In fact, in the Song era gunpowder came into use, both for military and pyrotechnic purposes.
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