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please help. calling on all economists =D

2006-10-08 23:12:42 · 2 answers · asked by Kendra 3 in Social Science Economics

2 answers

Not an economist but...

You need capital to start the economy. This is money and resources to build companies, offer services, etc.

You need entrepreneurship to expand the economy. This means creative people who take a risk to bring new forms of trade and service to the people.

You need productivity to sustain the economy. This means efficient transport of goods and services and a competant supply of people to help provide the goods and services. If you dont have productivity then you lose capital and your economy falls apart, and if you dont have productivity you also might lose entrepreneurs who want to take a chance to make capital, thus causing your economy to fall apart.

2006-10-08 23:25:44 · answer #1 · answered by jenNdan18286 4 · 0 0

without it there will be no growth.

2006-10-08 23:29:25 · answer #2 · answered by lefang 5 · 0 0

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