Sources of economic growth, Microeconomics

Assignment Help:

Sources of Economic growth:

Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of a nation’s labour force through education and training in advance technology. It has also been proved that literacy not only improves productivity but also makes an individual more adaptable to new challenges.

Natural resources: Availability of natural resources (land and mineral) to a nation is also a vital source of growth. It is not only the availability of these resources but the extent to which they are exploited. It should be noted that for the exploitation of these resources care should be taken not to sacrifice the environment. This means that growth through exploitation of these resources should be sustainable and maintain environmental quality.


Related Discussions:- Sources of economic growth

True or false , The efficiency loss of a tax is the tax revenue collected b...

The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?

How do we evaluate the value of money, How do we evaluate the value of mone...

How do we evaluate the value of money? Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and de

Shortrun, the short run can be defined as any period of time

the short run can be defined as any period of time

Why expect that the inflation rate to accelerate, 1) The Economy cannot be ...

1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. 2) A) Why would y

Work of denison, Work of Denison Normal 0 false fa...

Work of Denison Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Individual demand, INDIVIDUAL DEMAND * Price Changes - Using figures...

INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves.  Effect of Price

Microeconomics supply and demand curve question, I''m having trouble with t...

I''m having trouble with this problem.....I must have missed the class that it was discussed in. I''m more confused with the interpreting the equations with all the Labor demand/La

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd