Economy, asked by vansh7203, 3 months ago

what factors are responsible for the growth of economy? explain ​

Answers

Answered by shubhamdad1234
0

Answer:

The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth. Improved economic growth raises the standard of living by lowering production costs and increasing wages.

Explanation:

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Answered by pranithranga1710
1

Answer:

Explanation:

Six Factors Of Economic Growth

Natural Resources. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law. ...

Poor Health & Low Levels of Education. ...

Lack of Necessary Infrastructure.

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