All categories

2 years ago

Without technological advancement, how can a nation achieve economic growth

2 answers:

5 0

Without technological advancement, a nation achieve economic growth through an increase in supplies of factors of production. Economic growth would be achieved if the factors are available in sufficient quantity and at lower price. This situation sill lead to increase in production. This would increase the supply of a product in the market which will result in economic growth.

mario62 [17]2 years ago

4 0

Any nation can achieve economic growth by increasing the supplies for factors of production even without any technological advancement. These factors of production includes the resources and the services that are used for production like the investments, land, labor and management. If there is a strong establishment of Law in the country that can lead to economic growth as well.

You might be interested in

What are goods that consumers buy after making some effort to gather

Leviafan [203]

Answer:

B. Shopping goods

Explanation:

5 0

2 years ago

Read 2 more answers

5 products of primary production

liq [111]

are: farming, fishing, livestock rearing, Land plants, or autotrophs and other production methods.

[that's all]:)

7 0

1 year ago

Read 2 more answers

Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a mi

cestrela7 [59]

Answer:

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

Explanation:

Given:

a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.

b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain

c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

8 0

2 years ago

A company has a petty cash fund amount of $400. When replenished, it has petty cash tickets of $30 for gas expense, $30 for po

MrMuchimi

Answer:

$80

Explanation:

The Replenish journal entry is shown below:-

Gas expense Dr, $30

Postage expense Dr, $30

Supplies expense Dr, $10

Miscellaneous expenses Dr, $10

To, Cash $80

(Being replenish of fund is recorded)

Therefore cash credited for $80

4 0

2 years ago

The 12-month period a business chooses for its accounting period is a/an A. calendar year. B. accounting period. C. fiscal year.

lilavasa [31]

The accounting period is also referred to as reporting period. It is the time period for which a company or organization make reports about its financial performance and financial results.
Calendar year is the accounting period that follows the regular calendar year, from January to December.
Accounting period is the general term that describes accounting periods.
Fiscal year or financial year is the general term used to describe an annual accounting period.
Accounting cycle on the other hand is the process of making the financial reports.
According to these definitions,
he 12-month period a business chooses for its accounting period is a fiscal year.

7 0

2 years ago