factors that contribute to economic growth
Download
Skip this Video
Download Presentation
Factors that Contribute to Economic Growth

Loading in 2 Seconds...

play fullscreen
1 / 6

Factors that Contribute to Economic Growth - PowerPoint PPT Presentation


  • 138 Views
  • Uploaded on

Factors that Contribute to Economic Growth. Gross Domestic Product (GDP). the market value of all the goods and services produced by labor and property located IN a country. Capital Goods. goods used to produce things

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Factors that Contribute to Economic Growth' - kenda


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
gross domestic product gdp
Gross Domestic Product (GDP)
  • the market value of all the goods and services produced by labor and property located IN a country
capital goods
Capital Goods
  • goods used to produce things
  • examples: factories, machinery, latest computers and technology, and advanced equipment
  • the more capital goods a country has, the more it can produce
natural resources
Natural Resources
  • nations rich in valuable resources can export large amounts that produce lots of profits
  • renewable: can be used forever; constantly replaced by natural resources
  • non-renewable: cannot be replaced in a short period of time

Renewable Resources

Non-Renewable Resources

human capital
Human Capital
  • investments in the wellbeing and training of human workers
  • examples: providing for healthcare, offering educational opportunities, improving job skills through training
  • investments in workers produces a healthier, more satisfied, more productive workforce
entrepreneurs
Entrepreneurs
  • people who start and own private businesses
  • encouraged by nations with free market economies
  • creates competition which inspires innovation (new and better ways of doing things) and invention (new technology and products)
ad