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Answer:
Explanation:
Production function: In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs).
Production function: In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs).
FDI: A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.
- Singapore has encouraged foreign firms to establish subsidiaries within its borders, especially in the electronics industry.
- Singapore has the fourth-largest amount of FDI in the world.
- What has happened to the rental rate and the wage?
- Find in the attachment a table which shows much of this.
- The annual growth rate in rental rates for the 1970-1990 period using the production function and marginal product was -5%.
A bootstrapping process, also known as booting
