jetsmith
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  • 14-12-2017
  • Social Studies
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how does the investment in human and physical capital impact the standard of living

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104561 104561
  • 14-12-2017
Capital Investment, Capital Goods and Economic Growth. Improved capital goods increase labor productivity. ... Superior capital equipment directly makes individuals, businesses and countries more productively efficient. Increased productive efficiency leads to increased standards of living – the purpose of economic growth.


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