1.

Being a student of economics you are required to express how government policies will impact the average cost of the firms in the long run? Also mention what type of economies will be attained by firms if training is provided to workers by government.

Answer»

Answer:

Labor represents the human factor in producing the GOODS and SERVICES of an ECONOMY. finding enough people with the right skills to meet increasing demand. ... Rapid economic growth caused by an increase in the demand for goods and services can create a MYRIAD of NEW job opportunities for workers



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