GDP Capital By: Eboni , Taylor , Rakira , Antwyona
Standard
Explain the relationship between investment in capital (factories, machinery, technology) and Gross Domestic Product (GDP)
Capital
The relationship between oil capital and entrepreneurship is that they all can benefit the economy.
The relationship between oil capital and entrepreneurship is that they all can benefit the economy.
What capital includes is……
-how many factories you have -the type of machinery -what type technology it is
(GDP)
Gross Domestic Product
The more advanced countries technology will increase the state in which (GDP) is in .
The (GDP) can be defined in 3 ways.
Oil
Saudi Arabia (GDP) is oil because it’s economy is mostly based upon it with money and different things.
Turkey doesn’t have any oil so its economy isn’t based on oil at all.
Entrepreneurship
The more businesses you start the more your Gross Domestic Product would go up.