ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Education and health
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The use of appropriate technology
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Access to credit and micro-credit
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The empowerment of women
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Income distribution
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Detailed explanation-1: -Education and health. The use of appropriate technology. Access to credit and micro credit. The empowerment of women. Income distribution.
Detailed explanation-2: -Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.
Detailed explanation-3: -The macroeconomic variables that are found to be associated with an improvement in income distribution are higher growth rate, higher income level, higher investment rate, real depreciation (especially for low-income countries), and improvement in terms of trade.
Detailed explanation-4: -Accumulation of capital stock. Increases in labor inputs, such as workers or hours worked. Technological advancement. 01-Jun-2015
Detailed explanation-5: -Natural resources. Human resources. Technology. Capital formation.