What contribution can MSME's (Micro-, Small-, and Medium-Enterprises) give towards a sustained economic growth? (entrepreneurship)

Q: What is worker productivity when it comes to economic growth? How can we express this productivity?…

A: Worker productivity is the number of workers divided by output.It denotes the efficiency of workers.…

Q: Which of the following is unlikely to affect the rate of economic growth? O the quality of available…

A: The rate of economy growth will get affected when the next period's rate of economic growth is…

Q: What is the current real GDP per person in South Africa? How has this changed over the past 10…

A: The word "economic environment" refers to any or all external economic parts that influence shopper…

Q: What is the relationship between savings, capital formation, and consumption?

A: The savings is the money that is not consumed or kept aside for the later use, the saving is the…

Q: Prior to the invention of laptops and the software on the laptop, people would use a typewriter. An…

A: Physical capital is the set of assets which are required for production but do not get used up…

Q: How is the indian economy doing? What is the growth rate of the real GDP? What is the trend in this…

A: The Indi economy was considered as one of the fastest growing economies of the world along with the…

Q: Part 8 a) What is average labour productivity? Explain how average labour productivity can impact…

A: Average Labor Productivity = Total Output/Total Productive Hours. The worth each utilized individual…

Q: Over the last 60 years or so, Korea has been one of the most successful economies in the world. What…

A: Given: Year GDP Per Capita Population Capital Labour Education 1960 1,224.79 24.749 208,509.8…

Q: Explain whether GDP per capita is the most appropriate measure of economic success

A: The GDP is the market value of all the goods and services that are produced in a country during a…

Q: In 2001, the GDP of China was $6000. Suppose that China has a growth rate of 6.2%. a. What is…

A: The GDP in 2001 was $6,000. Growth rate = 6.2% The future value of GDP can be calculated as: Future…

Q: Economic growth Instructions: Find a chart showing the economic growth of an economy in long run.…

A: Several factors have driven the economic growth of the United States. These include: 1.…

Q: IS GDP important for economic growth

A: GDP (Gross Domestic Product) is the value of all final goods and services produced in the country…

Q: What is the economic growth rate? How is it calculated?

A: Since you have asked for multiple questions, we have answered the first one for you. If you want the…

Q: How is economic growth measured? Question 1Answer a. The percentage change in the employment rate…

A: The objective of the question is to identify the correct method for measuring economic growth.

Q: the population of a city grows by 3% each year. What is the growth factor?

A: In economics, the term "growth factor" refers to a measure that quantifies the rate at which a…

Q: I need a very well detailed note on "Innovation and Economic development" for my presentation

A: The development, acceptance, and use of novel concepts, procedures, goods, or services that improve…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: It is essential to concentrate on efficiency since it decides the expectations for everyday comforts…

Q: How to calculate Real GDP per person Real GDP per worker Real GDP per hour Capital per worker…

A: The measure which in turn depicts the market value of all the final services and goods being…