which factors do change in the national income?
Answers
# Political Stability.
# Technical Knowledge.
# Terms of trade.
# Foreign Investment.
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Answer:
Firstly, the most import is the stock of factors of production which determine the stock or amount of product can be made per hour or particular given time. Secondly, the labor.
They are important too as the production rate also depend on the labor or the man power too. Which may increase or decreases the productivity and the quality also get judged too. The second factor of production, i.e., labor is by no means less important.
This can be judged from it that if land is not aided by human labor. Capital now-a-days is considered to be the lifeblood of the modern industry. If the capital consists of primitive tools, the size of the national income cannot be large.
But if modern types of plants are used for production, then they can enhance the productive capacity of a country. Lastly, enterprise, political place and permit they are also highlighted.
Explanation: