GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pagbabago (enhancing the social fabric)
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Malasakit (reducing inequality)
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Patuloy sa Pag-unlad (enhancing growth potential)
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None of the above
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Detailed explanation-1: -What Are the 4 Factors of Economic Growth? The four main factors of economic growth are land, labor, capital, and entrepreneurship.
Detailed explanation-2: -Income inequality reduces the pool of people with resources, such as education, to improve productivity.
Detailed explanation-3: -This group of farmers that is not producing any output is termed surplus labour since this cohort could be moved to another sector with no effect on agricultural output. ( The term surplus labour here is not being used in a Marxist context and only refers to the unproductive workers in the agricultural sector.)
Detailed explanation-4: -Inequality has a direct impact on growth (due to the decline in domestic demand linked to the middle classes), the concentration of wealth, the economic opportunities of populations, social cohesion, well-being, crime (due to the feeling of social injustice), political stability, etc.