Households sell resources to the government—which uses those resources to produce government services—in return for income. Business firms sell the goods and services they produce to the government for revenue.
Anti-federalist argued that the constitution could be changed if problems arised
The smallest contributor to productivity and economic growth is <u>B. a large increase</u> in labor relative to capital.
<h3>What are productivity and economic growth?</h3>
Productivity refers to the output produced given a set of inputs.
Economic growth refers to the increase in productivity.
The factors that contribute to economic growth and productivity include:
- Technology
- Human capital
- Physical capital (plant and equipment)
- Innovation
- Enterprise
- Competition.
Thus, the smallest contributor to productivity and economic growth is <u>B. a large increase</u> in labor relative to capital.
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Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery to end users (transmission, distribution, etc.) or its storage (using, for example, the pumped-storage method).
Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power.
