Infrastructure, such as public works and public services, is also referred to as social capital. human capital. intangible capital. tangible capital.

Q: Government can play a major positive role in the early stage of economic development by promoting…

A: Economic development includes various aspects of growth which tend to improve the standard of living…

Q: The International Property Rights Index (IPRI) scores countries based on the legal and political…

A: The Internation property rights Index (IPRI) measures 129 countries that offer an insight that is…

Q: Which statement best explains how human capital affects the manufacturing of a product? It affects…

A: The economic value of a worker's experience and talents is referred to as human capital. Employers…

Q: important role of science and technology in economy

A: The fields of science and technology are extremely important to the functioning of the economy. They…

Q: the long term and with almost full employment, the greatest effect is to increase GDP / per capita…

A: Full employment is a monetary circumstance wherein all accessible work assets are being utilized in…

Q: The catch-up effect says that countries with low income can grow faster than countries with higher…

A: According to the catch-up effect theory , the low income eating countries will grow and will finally…

Q: In Economics, explain Human capital; General and specific, Examples and Definitions

A: Human capital implies the skills, knowledge, experience, and characteristics that individuals…

Q: The value of production in an economy is $19,467 billion. The economy has 329,43 million people.…

A: The production value =  $19467 billion Population in the economy = 32943 million

Q: Adam Smith did not considered ________ as one of the component of production

A: According to the given question The components of the production in economics can be classified into…

Q: Explain the importance of the economic environment to business and identify the factors used to…

A: Making business decisions and allocating resources in the face of various problems is an aspect of…

Q: In 1950, Nicaragua and Brazil had roughly the same size economies. Now, Brazil's economy is almost…

A: A developed economy has better resources in production process. Better technology and skill set…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: Costs are the expenses that a business or a firm incurs in its production activities. It is an…

Q: What can the government of a relatively poor country do to promote economic prosperity? Check all…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: what are the Physical and technological factors of ethiopia: physical capital, infrastructure (roads…

A: Infrastructure's large and various potential effects on development emanate from certain…

Q: The economic activity of a country is often quantified as the gross domestic product (GDP), which is…

A: Decoupling in economics refers to the separation of economic growth from environmental impact, such…

Q: The government should impede the pace of innovation, which is tearing apart the social fabric of the…

A: Innovation refers to the development of technology that makes production of goods and services more…

Q: What is the opportunity cost of investing in a physical capital?

A: According the Neo-classical theory of economics with respect to factors of production there are…

Q: The use of knowledge to improve productivity and enhance economic growth is known as Group of answer…

A: The process by which the economy's final commodities and services increase is known as economic…