1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetlanka [38]
2 years ago
14

explain the factors that influenced economic growth in the united States in the mid-nineteenth century

History
1 answer:
Katena32 [7]2 years ago
6 0

Natural resources

Technology

Law

capital or Infrastructure

Population or labour

Human capital.

EXPLANATION:

1. Natural Resources

The discovery of more natural resources such as oil, or mineral deposits may boost economic growth as this shifts or increases the country’s Production Possibility Curve (PPC). Other Natural resources are land, water, forests and natural gas.

2. Physical Capital or Infrastructure

Increased investment in physical capital, which are factories, machinery, and roads, will lower the cost of economic activity. Better factories and machinery are more productive than physical labor.

3. Population or Labor

A growing population means there is an increase in the availability of workers or employees, which means a higher workforce. One disadvantage of having a large population is that it could lead to high unemployment

4. Human Capital

An increase in investment in human capital can increase the quality of the labor force. This increase in quality would result in an improvement in skills, abilities, and training. A skilled labor force has a significant effect on growth since skilled workers are more productive.

5. Technology

Another influential factor is the development of technology. The technology could increase productivity with the same levels of labor, thus accelerating growth and development.

6. Law

An institutional framework that coordinate economic activity such as rules and laws. There is no specific set of institutions that promote growth.

You might be interested in
Which statement best explains how economic indicators are used to evaluate the macroeconomic goal of maintaining stable prices?
sineoko [7]

The fewer changes to the Consumer Price Index, the closer the economy is to maintaining stable prices.

Answer: Option A

<u>Explanation:</u>

Consumer price index is known as the variation in the level of prices of the goods and services in the economy. This is considered as a good way of measuring the level of price stability in the economy.

Lesser the changes made to the consumer price index, more stable would be prices in the economy. Because more changes in the consumer price index means more fluctuations and more destabilization.

5 0
3 years ago
Which part of the Declaration of Independence acts as an implied plan of action, in that it lists laws and practices to be chang
Karo-lina-s [1.5K]
It would be the "the preamble" that implies a plan of action and lists certain things to be changed, since the introduction is far more general in exclaiming why in fact they are claiming independence. 
6 0
3 years ago
Read 2 more answers
Which branch of the federal government has direct oversight of the Federal Reserve Bank?
Serggg [28]
Board of Governors-<span>directing </span>
7 0
3 years ago
Liza's friend Marie bought her a dress for 250 euros in France. Liza wants to pay Marie for it in U.S. dollars. If the foreign e
Vlada [557]
She  should give her 150  US dollars
3 0
3 years ago
Read 2 more answers
What was the inspiration for much of the experimentation with theatrical forms and techniques from 1945 to 1975 and specifically
Tema [17]

Answer:

Theater in the 20th century continues with the 19th century "theme" of realism and Naturalism, but experimental theater gained immense popularity and dominating this century theater "theme". Experimental theater used modernist, postmodernist  movements, and political theater aesthetics as inspiration. Such theaters was the Theater of the Absurd.

The Theater of the Absurd drew inspiration from existentialism as an idea as a form of experimental theater, playwrights of numerous Theater of the Absurd used techniques from trailblazers who came before them. This experimental theater came right in time post World War II.

Explanation:

7 0
3 years ago
Other questions:
  • Who proposed the Anaconda Plan​
    9·1 answer
  • Some Native Americans easily converted to Catholicism.
    6·1 answer
  • Who felt threatened by the enlightenment
    9·1 answer
  • HELP PLZ!!!
    14·2 answers
  • What does King think the word brotherhood means based on these two quotations? Check all that apply.
    8·2 answers
  • What steps did the U.S government take to control the economy and public opinion during world war 1
    5·1 answer
  • List 3 disadvantages that minorities had because of jim crow
    14·2 answers
  • Which statement best explains the Three-Fifths Compromi
    12·2 answers
  • Who were the two men referred to as “Mr. President” during the Civil War?
    10·2 answers
  • One example of how george washington became involved with foreign affairs.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!