Economy, asked by Dhanushhs1, 6 months ago

Explain 3 elements of economic development

Answers

Answered by rajutusharengineerin
3

Answer:

Explanation:Discuss the components of economic growth, including physical capital, human capital, and technology

Explain capital deepening and its significance

Analyze the methods employed in economic growth accounting studies

Identify factors that contribute to a healthy climate for economic growth

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Answered by Abhijna01
0

Answer:

PROCESS, REAL NATIONAL INCOME AND LONG PERIOD

Explanation:

PROCESS:-

It refers to the operation that brings changes in the supply of factor of production and structure of demand of products.

REAL NATIONAL INCOME:-

It refers to the purchasing power of the people.

LONG PERIOD:

The increase in real national income should be sustained over a long we period, say 10 years or more.

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