Britain intercepted the Zimmerman Telegram and Germany resumed unrestricted submarine warfare.
Robert Owen was an English manufacturer, philanthropist and social reformer. He was known for finding Utopian Socialism and Cooperative Movement. He was of the belief that capitalism was creating class difference on the basis of economics. He worked to create a classless society for the equal division of capital and resources.
Lord of the manor or barons
All feudal land belonged to the king though nominally, who in turn leased it to the barons. the barons in turn had the peasants farming the land, and keeping part of the produce in return the lords would protect the peasants.
Answer:
Human capital like machines can be improved to increase production(GDP).
Explanation:
Human capital is all the creative skills and knowledge embodied in the individual participant of the economy(households), it is basically the know how of the people.
technological improvement means that machines are going to be more efficient and production will rise in general, Human capital like machines can be improved to increase production(GDP).
Most developing countries are packed with uneducated people and this reduce the growth level of growth.
When people become skillful(educated) they tend to produce more, by definition GDP is the amount of production produced within the borders of the country.
Increase in production = GDP increase.
