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Factor Payments
Payments for production factors such as rent, wages, interest, and profit.
Transfer Payments
Redistribution of income by the government, e.g., welfare.
Subsidies
Government payments to support businesses.
Economic Systems
More productive economies tend to have capitalist structures.
Rule of Law
Political stability supports economic growth.
Physical Capital
Tools and machines that boost productivity.
Human Capital
Education and training that enhance productivity.
Natural Resources
Access to resources impacts output and overall productivity.
Investment Spending
Includes only business purchases of capital, not individual stocks.
Assessments Overview
Online Personal Progress Check includes 20 MCQs and 2 FRQs.
