CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -Physical capital – Infrastructure – such as factories, transport links and machinery – reduces costs, facilitates international trade, improves labour productivity and increases economic output and efficiency. Natural resources – These resources, such as oil, can boost production capacity and therefore economies.

Detailed explanation-2: -The four main factors of economic growth are land, labor, capital, and entrepreneurship.

Detailed explanation-3: -The determinants of economic growth are formed by human, capital and natural resources. These factors can impact the level of GDP and output that a nation achieves.

Detailed explanation-4: -Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth. Economic growth is commonly measured in terms of the increase in aggregated market value of additional goods and services produced, using estimates such as GDP.