7. The contribution of the educated person to economic growth is more than of an----------
person.
8.-------------trade predominates agricultural market.
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Answer:
7. The contribution of the educated person to economic growth is more than of an illiterate person.
8. Private trade predominates agricultural market.
Explanation:
- Economic growth means the production of goods and services in the economy. Increasing capital goods, labor, technology, and human capital can all contribute to economic growth.
- An educated person increases the efficiency of individual workers and helps the economy move up the value chain beyond manual tasks and simple production processes.
- Transactions made by an individual for the benefit of the individual are known as private trade.
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