Economic Standards
Economic Growth
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SS7E10 The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. a. Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP). b. Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP). c. Describe the role of natural resources in a country’s economy. d. Describe the role of entrepreneurship.
If a country invests money into human capitol, more than likely it will have a high GDP. For example, Japan values education highly resulting in a good workforce and high GDP.
China has benefited off of their manufacturing by using capitol goods which resulted in boosting their GDP and. Japan has greatly increased their economy from capitol goods such as machines to make technology.Not many entrepreneurs have emerged in lots of these Asian countries because of their economy or customs(Japan).
If a country invests money into human capitol, more than likely it will have a high GDP. For example, Japan values education highly resulting in a good workforce and high GDP.
China has benefited off of their manufacturing by using capitol goods which resulted in boosting their GDP and. Japan has greatly increased their economy from capitol goods such as machines to make technology.Not many entrepreneurs have emerged in lots of these Asian countries because of their economy or customs(Japan).