What are the main components of the quality of life in the economic

Q: What are the important factors of Economic Development?

A: There are mainly eight important factors of economic development.

Q: What are the problems of the economic growth and consumption?

A: Consumption is characterized as the utilization of labor and products by a family. It is a part of…

Q: What is a knowledge worker

A: The main capital of knowledge worker is knowledge.

Q: Discuss the factors that determine whether the standard of living in a country will be high or low.…

A: In economics, the standard of living refers to the basic amenities which are available to the people…

Q: What is the role of education and training in the pursuit of economic prosperity?

A: Education is a strong reform driver, enhancing well-being and livelihoods, leading to social…

Q: Which action taken by a worker would not be an investment in human capita

A: Investing in human capital will increase workers productivity. It can be done through worker…

Q: How does the service sector help in the development of primary and secondary sectors?

A: Apart from primary and secondary sectors, there is a third sector called the service sector also…

Q: What are the factors that can influence a country’s standard of living?

A: Standard of living indicates the degree of wealth or availability of material goods and services to…

Q: What are 3 economic indicators that are important to evaluate the economic situation of a country

A: Unemployment is the situation in which an individual is seeking a job and unable to find one.

Q: Give long information about economic changes.

A: Economic change is defined as a change in the structure of an economic system.This results in…

Q: What is a economic sector

A: Macroeconomics studies the economy in a broader aspect. Macroeconomic theories deal with the…

Q: F B Consumer Goods D Capital Goods A,

A: Answer - Shift in the curve from AB to EF.

Q: Why is GDP per capita is not the same as Economic well-being?

A: "GDP is the market value of all the final goods and services produced in an economy at a given…

Q: The main reason the cost of living varies acrossregions of the country is differences in the price…

A: The cost of living refers to the required amount of money to meet the basic expenses of a family…

Q: Is economic is one of the most important thing in the world

A: Economics: Economics is the sociology that reviews how individuals communicate with esteem;…

Q: GDP increased from $

A: GDP is an important macroeconomic measure of growth that is used to determine the total aggregate…

Q: What is the difference between “organisation” and “institution”? Is one more important than the…

A: An organization is used to mean a bunch of individuals, engaged in chasing the planned goals or set…

Q: What are leading economic indicators?  Why are they important?

A: An economic indicator is a piece of economic data, usually on a macroeconomic scale, that analysts…

Q: What is GDP per capita? What for do we use GDP per capita?

A: "GDP measures the market value of all the final goods and services produced in a nation at a…

Q: improvement in the productivity of labor will tend

A: The productivity of labor refers to the number of goods and services produced by the labor at a…

Q: WHAT IS THE IMPACT OF DIFFERENT SECTORS OF THE COMMUNITY RO THE ECONOMY?

A: The economy is a system in which individuals earn a livelihood by producing, consuming, investing,…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: how do we measure the economic success and social well being of the united states ?

A: Economic success and Social well-being is a state in which basic human needs are fulfilled and…

Q: What and how certain economic indicators are impacting the Economy of Pakistan? Discuss.

A: Economic Indicators are the statistics that measure the economic performance of the country. Some of…

Q: How can growth and development affect the country’s economy?

A: Economic growth is defined as a rise in the market value of goods and services generated in the…

Q: Today, the Service Sector(s) are the most important elements in the Global Economy, but unpacking…

A: Although the service sector is currently the most important part of the global economy, there are…

Q: What cause GDP per capita to be low compare to its GDP

A: The GDP is the sum of the final value of the domestic value of goods and services which are produced…

Q: How do the economic sectors differ?

A: Economic sectors refers to various different sectors of the economy each dealing with different…

Q: What are the characteristics of the developed economy? need fast only 4 characteristics

A: According to the given question In simple words we can say that a developed economy is known as…

Q: Under what circumstances does labor productivity grow?

A: If the quantity of money increases, the value for money decreases. Hence, it will not account for…

Q: What is Capital in terms of business?

A: The use of the word 'capital' in business is often different from the colloquial usage of the word.…

Q: What is the earliest human being

A: Hominids were the earliest human-like species, and homo sapiens is a member of this group. Hominids…

Q: What is developed countries

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Which economic challenge unemployment, poverty,  inflation represents the greatest threat to social…

A: Unemployment is defined as a condition under which all those who are willing and able to work are…

Q: How do you see the trade-off between the economy and theenvironment? Which is more important? Is it…

A: A situational decision involving diminishing or losing of one quantity, quality, or property of a…

Q: Why are business investments and consumption important to evaluate the economic situation of a…

A: Business investment is an important concept in economics because it improves productivity, and…

Q: What is the individual’s human wealth? Total wealth?

A: Wealth: It is the estimation of the relative multitude of assets that are controlled by an…

Q: Why is "Investment is the key to economic progress"?

A: Changes in investment shift the total interest bend to the right or left by a sum equivalent to the…

Q: why Gross domestic savings (% of GDP) impact to Secondary education in a country ?

A: The savings of households, private corporations, and the government make up Gross Domestic Savings.…

Q: How is a traditional economy similar to and different from a mixed economy?

A: An economic system is that system where governments or societies arrange and allocate available…

Q: What are the ultimate reasons for analysing the economic performance of a country or market?

A: Economic analysis is on the assessment of costs and benefits.It starts by assessing projects for…

Q: How does the innovation and knowledge sector contrast to that of the manufacturing sector? How does…

A: In economic terms, innovation refers to the creation and implementation of new ideas and technology…

Q: what are the Economic factors of Ethiopia include:  major industries, exports, and imports, GDP…

A: Economic factors  Economic factors are those which may help to calculate the economic growth and the…