Question

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

Answer 1

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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Answer 2

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.