Teleschool Week 5

Updated: 5/12/2020
Teleschool Week 5

Storyboard Text

  • Human capital effects economic growth by expanding the knowledge and skills of citizens
  • Some examples of this are higher education, technical or on the job training, and health
  • Natural resources attract resources from other economic sectors capable of stimulating more economic growth.
  • Examples of natural resources are air, water, wood, oil, wind energy, natural gas, iron, and coal.
  • some examples of capital goods buildings, machines, equipment, furniture and fixtures
  • improved capital goods is intended to increase labor productivity by making companies more productive and efficient. ... As labor becomes more efficient, this increased efficiency nationwide leads to economic growth for the entire country and a higher nationwide GDP