How can the size of the industrial service sector and the agriculture employment rate indicate the level of?

July 9, 2020 Off By idswater

How can the size of the industrial service sector and the agriculture employment rate indicate the level of?

The size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization because a nation with a larger industrial/service sector will have a higher level of industrialization, and a nation with a higher agriculture employment rate will have a lower level of …

How can life expectancy and literacy rates affect the economy?

Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.

How can life expectancy and literacy rates affect the quality of labor in an economy How can fertility rates affect the use of scarce resources?

Low literacy rates indicate that there is lack of education and that may mean that those people can not work to their best ability. High life expectancy and high literacy rates can positively affect quality of labor in the economy. The higher the fertility rates, the more resources will be needed.

What are the different economic systems in the world?

Economic systems can be categorized into four main types: traditional economies, command economies, mixed economies, and market economies.

How is trade positive for the world?

The advantages of trade Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.

What is scarcity and how does it affect economic choices?

Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.

What is life expectancy?

The life expectancy in the United States, before COVID, was 78.7 years, and the current life expectancy for World in 2021 is 72.81 years, a 0.24% increase from 2020. The life expectancy for World in 2020 was 72.63 years, a 0.24% increase from 2019.

How can electricity communication and transportation help countries have advantages and growth?

How can electricity, communication, and transportation facilities indicate the potential for industrial growth? [Greater electrical generation capacity, greater use of telephones and the Internet, and a greater availability of transportation via rail, highway, and airline can indicate a greater potential for increased …