1. Slide
60 seconds
Investment in infrastructure, factories, human capitol, and machines. Increasing the efficiency of an economy's resources. Having a strong and educated workforce.
Factors of Economic Growth
2. Slide
60 seconds
Investment: An increase in investment spending on physical capital, human capital, and technology can increase economic growth. Innovation: The introduction of new ideas, products, processes, and services can lead to economic growth. Trade: Specialization in particular goods and services and the exchange of goods and services with other countries can increase a country’s economic growth.
Concepts:
3. Poll
60 seconds
What do you think are the most important factors for economic growth?
- Availability of natural resources
- Innovative technology
- Low taxes
- Strong leadership
- High consumer demand
4. Slide
60 seconds
Economic growth can be caused by the introduction of new technology that increases productivity and efficiency. Investment in human capital, such as education and health care, is also an important factor in economic growth. The availability of natural resources, such as oil and minerals, can also contribute to economic growth.
Did you know?
5. Open question
300 seconds
What are some of the benefits of economic growth?
6. Slide
60 seconds
An increase in the quantity of capital goods available in an economy An increase in the efficiency of labor An increase in the amount of technology available
Factors of Economic Growth
7. Open question
300 seconds
How would you use natural resources to help an economy grow?
8. Drawings
390 seconds
Draw a T-Rex arm wrestling a zebra
9. Open question
300 seconds
How does having a well-educated population help an economy grow?
10. Slide
60 seconds
Economic growth is not necessarily a good thing for everyone. It often increases the gap between rich and poor. The most successful economies are often those that are diversified and specialize in a range of different industries. The rate of economic growth is affected by changes in the population, the quality of the labor force, technology, and the availability of resources.
Did you know?
11. Slide
60 seconds
Supply and Demand: The amount of goods and services available and the willingness of buyers to purchase them at a given price. Investment: Spending on capital goods such as infrastructure, technology, and machinery to increase the productive capacity of an economy. Innovation: The introduction of new products, processes, or services that create economic value.
Concepts:
12. Open question
300 seconds
What are some of the challenges of economic growth?
13. Personalised Feedback
360 seconds
What are some key factors that contribute to the growth of an economy?
14. Open question
300 seconds
How do governments play a role in economic growth?
15. Open question
300 seconds
What are some of the ways that individuals can help promote economic growth?
Made with ❤️ from Norway