Examlex
Give three examples of normative and nonnormative influences on development.
Capital Quality
The degree of excellence of physical and intellectual assets used in the production of goods or services, affecting overall productivity and efficiency.
Simon Kuznets
An economist known for his work on economic growth and for formulating the concept of Gross Domestic Product (GDP) as a measure of national income.
Economic Growth
An increase in the production of goods and services in an economy, typically measured by GDP.
Quality of Resources
The effectiveness, efficiency, and skills of economic resources, including labor, capital, and natural resources.
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