4 ms·
Short answer: leverage. The greater the leverage the more production can be multiplied and thus income. Some things that have amplified leverage are: 1) Acce
by bcheung 11y ago
Short answer: leverage.
The greater the leverage the more production can be multiplied and thus income.
Some things that have amplified leverage are:
1) Access to a larger talent pool (globalization)
2) More educated people
3) The Internet
4) Access to financial capital and financial instruments
5) Access to foreign labor that is cheaper