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Author Question: What are the three major components of economic growth? What will be an ideal ... (Read 118 times)

karlynnae

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on: Jun 30, 2018
What are the three major components of economic growth?
 
  What will be an ideal response?

Question 2

The informal sector differs from the formal sector in that informal firms tend to
 
  a. be larger
  b. be more capital intensive
  c. operate more apart from the usual laws and regulations
  d. produce goods and services not found elsewhere
  e. none of the above


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jaygar71

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Capital accumulation, labor force growth, and technological progress.

Answer to Question 2

C


karlynnae

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Reply 2 on: Jun 30, 2018
Excellent

abro1885

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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