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bezimeni [28]
3 years ago
9

How does the economy use its factors of production (land, labor, capital, and entrepreneurship) to facilitate economic growth?

History
1 answer:
STALIN [3.7K]3 years ago
3 0
Economic growth can only be seen when there is an increase in quality and quantity of the factors of production so clearly it is a function of these factors. The purpose of economic organization – including all labor – is to create things that people value. Economic growth occurs when more and cheaper goods can be created. 
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