The required answer is production.
Production:
- Producing something is the act of creating something out of components or raw resources. To put it another way, production employs inputs to produce an output that is fit for consumption—a good or product that has value for a customer or end-user.
- One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer. Without this activity, no finished goods would be produced, leaving no products for buyers to purchase.
- The purpose of production is to provide the economy with commodities and services. Land is the primary factor of production, but term also refers to any other natural resource that is used to create commodities and services. This includes everything that comes from the land, not just the land itself.
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Answer:
Option 1 is correct.
Explanation:
There are two types of externality:
(i) Negative externality
(ii) Positive externality
Negative externality:
Suppose there is an economic transaction initiated between the two partners and this transaction reduces the consumption of third person, then this is known as the negative externality.
For example: Smoking is one of the example of negative externality. Smoking a cigarette is not only present in the consumption bundle of a person who smokes but it also affects the health of the other person who stands near that person. So, it reduces the consumption of non smoker.
Answer:
correct option is A. True
Explanation:
given data
economy grows = 3 percent
total factor productivity grows = 2 percent
labor force grows = 2 percent
labor contributes = 40 percent
stock of capital rise = 0.33 percent
solution
we apply here Economy growth % formula that is
Economy growth % = total factor productivity + labor contributes × labor force grows + ( 1- labor contributes ) stock of capital .............1
put here value
3% = 2% + 40% (2%) + 60% C
3% = 2.8 + 0.6 × C
C = 
C = 33.33 %
so given statement is true
Numerical order i think that's the right one i have no answer choices to look at<span />
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