What type of change is rise in production? - Vidyadip

Question

What type of change is rise in production?

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Answer

There is a direct relationship between production and economic growth.

Economic growth is connected with the increase in production of commodity for a long time. In economic growth real income and per capita income increase continuously and for that growth factor of production like land, labour, capital and entrepreneur is responsible.
That is why it is quantitative change.

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