economies in africa. gdp gross domestic product the total market value of the goods and services...
TRANSCRIPT
![Page 1: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/1.jpg)
Economies in Africa
![Page 2: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/2.jpg)
GDP Gross Domestic Product The total market value of the goods and
services produced by a country in a specific year.
Tells if a country is growing economically.
![Page 3: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/3.jpg)
Human Capital The people working to produce goods
and services. We invest in people through EDUCATION
and training. Investment in human capital higher
GDP
![Page 4: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/4.jpg)
Capital Manmade things we use to help us
work. Examples: Factories, machinery,
technology, and money. Investment in capital higher GDP
![Page 5: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/5.jpg)
Natural Resources Materials that come directly from
nature. Examples: Oil, metals, and wood. More natural resources higher GDP
![Page 6: Economies in Africa. GDP Gross Domestic Product The total market value of the goods and services produced by a country in a specific year. Tells](https://reader036.vdocuments.site/reader036/viewer/2022082613/5697bfa91a28abf838c99cd3/html5/thumbnails/6.jpg)
Entrepreneurship When someone has an idea for a good
or service and takes the risks to produce it.
Encouragement of entrepreneurship higher GDP