SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which activity can a small firm carry out more easily than a large firm?
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adapting to changing fashions
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having specialised managers
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raising finance
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undertaking research and development
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Explanation:
Detailed explanation-1: -Explanation: Technological change leads to sustained long-run growth.
Detailed explanation-2: -Short Run Economic Growth This simply means an increase in GDP in a given period of time. If the economy is operating below capacity (inside the production possibility frontier), short run growth is possible without any increase in productive capacity; it is simply a matter of employing unused resources.
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