ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Russia
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Germany
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United Kingdom
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None of the above
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Detailed explanation-1: -The leading export subsectors of the capital goods sector are heavy electrical and power equipment, earthmoving and mining machinery, and process plant equipment – together accounting for 85% of India’s total capital goods exports.
Detailed explanation-2: -Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. The level of economic growth driven by consumer spending and business investment determines the amount of skilled labor needed.
Detailed explanation-3: -The four factors that drive economic growth are natural resources, labor, capital equipment, and entrepreneurship.
Detailed explanation-4: -Key Takeaways The capital goods, or industrials sector, is a collection of companies that manufacture or distribute goods. The group of companies includes firms in the aerospace and defense, construction, and engineering sectors.