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  • Assignment Nos.7 Production and Growth

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    Ice Voltaire B. Guiang
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    Production helps the economy grow by creating goods and services that can be consumed or used to create more goods and services, fueling further economic activity. Production and growth are related because higher production leads to increased availability of goods and services, fueling demand and allowing the economy to expand. While production is the process of creating goods and services, economic growth refers to the overall expansion of an economy through increased production and consumption of goods and services over a period of time.

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    Production helps the economy grow by creating goods and services that can be consumed or used to create more goods and services, fueling further economic activity. Production and growth are related because higher production leads to increased availability of goods and services, fueling demand and allowing the economy to expand. While production is the process of creating goods and services, economic growth refers to the overall expansion of an economy through increased production and consumption of goods and services over a period of time.

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    8 views1 page

    Assignment Nos.7 Production and Growth

    Uploaded by

    Ice Voltaire B. Guiang
    Production helps the economy grow by creating goods and services that can be consumed or used to create more goods and services, fueling further economic activity. Production and growth are related because higher production leads to increased availability of goods and services, fueling demand and allowing the economy to expand. While production is the process of creating goods and services, economic growth refers to the overall expansion of an economy through increased production and consumption of goods and services over a period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Assignment Nos.

    7 Production and Growth

    1. How do you think does production help the economy grow? Give an example and
    explain your answer.

    2. How does production and growth are related to each other? Compare and
    contrast.

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