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Arte-miy333 [17]
3 years ago
14

Which factors indicate the economic development of a country?

Business
2 answers:
docker41 [41]3 years ago
4 0

Answer: Economic development, is the process by which the economic well-being and quality of life of a nation, region or local community are improved according to targeted goals and objectives.Indication of a country’s economic development are Gross Domestic Product (GDP) per capita, the poverty level, life expectancy, the proportion of workers in agriculture, unemployment rate, social cohesion, and changes in the physical quality of life. Economists however generally believe that, economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. it is pertinent to note that highly developed countries have governments that focus on these important areas.

Lostsunrise [7]3 years ago
3 0

Answer:

Six Factors That Affect Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law.

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4 years ago
Moath Company reports the following for the month of June.
sweet [91]

Answer: $5,500

Explanation:

The Cost of Goods available for sale is the price of the inventory and purchases that the company intends to sell.

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3 years ago
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5 0
3 years ago
Read 2 more answers
The internet has changed how people shop for clothes, electronics, and other goods. Because of online shopping, many retailers h
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Answer: B) The supply of goods like clothes will decrease.

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All else being equal, the local retail market for clothes will see a reduction in supply for clothes. This is simply as a result of less shops offering clothes than before because some have closed down as they couldn't keep up with online retail stores.

For example, the entire supply of Jeans for the town of Jeanophia were from 5 stores with each selling 5 jeans. 3 stores have closed down due to competition from jeanyjeans.com and now only 2 stores are open which has reduced the supply from 25 jeans to 10 jeans.

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3 years ago
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3 years ago
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