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How do countries grow Economic growth?
Economic growth is attaining by increasing:
• Quantity of resources by investment
• Quality of resources by training as well as R and D
• New types of technologies
Explain why P=MC in the short-run equilibrium of the perfectly competitive firm, whereas in the long-run equilibrium P=MC=AC.
What are the instruments of monetary policies
What are the potential advantages of economic growth? The potential advantages of growth include • More goods and services are accessible to satisfy more want and requireme
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what are the advantages and disadvantages of a national income and green GDP? national income figures are often used to compare living standards across countries and through time.
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