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Factors of Economic Growth aon_growth_of_on_demand_economy_1000x589.v1 -…
Factors of Economic Growth
CAPITAL
- Customer spending is reson
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Capital involves capital goods such as machinery, equipment, and chemicals used in production
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human capital can affect the economic growth of a country by expanding the knowledge and skills of people
ENTREPRENEURSHIP
Introduces innovative technology, products, and services
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EDUCATION
By 2020, substantially reduce the proportion of youth not in employment, education or training
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LAND
Land produces natural resources such as copper, silver, oil, and gas
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LABOR
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Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
Labor productivity is driven by investments in capital, human capital development, and technological progress