BUS272

Higher savings lead to higher investment in physical capital, that in turn drive productivity of an economy and ultimately bring about growth. Share of manufacturing in GDP and employment indicates the extent of industrialisation an economy. In growth economy, society evolves from a primary agricultural/fishery (using muscle) to industrial society (using machines) for production as to increase productivity Human Development Index denotes the upg

15 Other / Other Murdoch University / BUS272 18 Nov 2020