ECONOMIC RESOURCES AND LONG RUN GROWTH

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  • Created by: Lottie
  • Created on: 19-05-12 15:24

LABOUR FORCE

  • Increase in population = gowth through expanding domestic market
  • rise in participation rates among population of working age
  • quality of the labour focee: human capital can be conductive to high productivity and real output

ENTREPRENEURSHIP

  • Entrepreneurial ability; organises and combines other resources to make profit
  •  factors that encourage entrepreneurial talent: well developed capital market, infrastructure and favourable social and political climate
  • quality improved by increasing education & gov assistance to business

CAPITAL…

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