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Explain the relationship between investment in capital goods (factories, machinery, and technology) and GDP.

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there are 4 factors of production that influence economic growth within country: natural recorded available
Investment in human capital
Investment in capital goods
Entrepreneurship

GDP is the total value of all the goods and services produced in that country in one year. Raising the GDP of a country can improve the counties standard of living conditions.

Natural recorders

All recorded that are limited

Example land,water,sun,plants etc.

Capital goods
This is all of the goods that are produced in the country and then used to make good and services.

Technology and machinery machines in general or as functioning
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