In the Solow growth model, output is described as a function of the quantity of this resource, usually measured per worker. The Heckscher-Ohlin model predicts that countries with abundant labor will import goods made with a high intensity of this. According to classical econ
In the Solow growth model, output is described as a function of the quantity of this resource, usually measured per worker. The Heckscher-Ohlin model predicts that countries with abundant labor will import goods made with a high intensity of this. According to classical economics, investment constitutes additional(*) accumulation of this resource, which is used to combat its depreciation. Usually grouped with land, labor, and entrepreneurship, for 10 points, name this factor of production consisting of wealth used to make other goods, for which a prevalent economic system is named.
In the Solow growth model, output is described as a function of the quantity of this resource, usually measured per worker.