System revolving around the production, distribution, and consumption of goods and services.
An economic system encompasses all of the production, distribution, and consumption within a society of goods and services. This definition is the most inclusive and holistic, whereas the other definitions describe part of an economic system, or another aspect of our socio-political and economic structures.
C usually when they are put to a boil.
<span>A higher interest rate and/or a higher balance will result in higher interest earned.</span>
Answer:
The increase in the stock of real capital exceeds the increase in inputs of labor.
Explanation:
The labor productivity refers to the amount of labor per unit of output. labor productivity increases when with the same amount of labor the output increase or the increasein labor generate an increase in output higher than proportional.
<u>From the given options:</u>
An increase in stock of real capital exceeding the increase in input of labor will translate into a higher productivity as each unit of labor has more capital to work with
