GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business that creates its own plan to expand its economic growth.
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Autonomy
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Big Idea
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Profitability
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Scalability
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Explanation:
Detailed explanation-1: -Generally, there are 3 different types of growth that take place in an economy. There is the trend growth, potential growth, and actual growth.
Detailed explanation-2: -Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.
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