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Artist 52 [7]
4 years ago
8

A nation progresses socially when it has good schools, clean air and water, and more. Which of the following statements addresse

s conditions for social progress?
Social Studies
1 answer:
SashulF [63]4 years ago
4 0

Answer:

a city, state, or nations social progress needs the right business environment

Explanation:

Social and economic progress can go hand by hand.

A set of conditions is necessary for social progress to take place:

The importance of a right business environment lies in that, capital, investment, leaders, and strong global networking will create both a social and good economic growth. Usually, the demands of business and social progress will play along if ethical business practices are played, so that there is a direct return on society and the taking care of environment makes the economic activity sustained over generations.

On the same time, the role of institutions is to seek a social agenda, that enables goverment , banks and citizens to build trust in their community and work in coordination with the business and economic sectors that take place in that area.

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Answer:

The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional factor of production will actually result in smaller increases in output.

For example, a factory employs workers to manufacture its products, and, at some point, the company operates at an optimal level. With all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations. 

Explanation:

KEY TAKEAWAYS

The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output. 

After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per-unit incremental returns.

For example, if a factory employs workers to manufacture its products, at some point, the company will operate at an optimal level; with all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations. 

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