Economics in Southern Asia

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Human Capital is:

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the knowledge and skills possessed by people to complete a job

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Economic growth is:

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the production of goods increases over time

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In the 16th century, Asian economic growth started: when the Koreans began a new business, when the country of India started investing in their own businesses, when the Chinese began migrating to nearby Asian countries, when the government started paying college tuition

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when the Chinese began migrating to nearby Asian countries

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True or False: 99% of India's population is under the age of 35 years of age.

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False

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Which country has technology taken over?

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India

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An action plan called what is helping with the funding of new businesses in India?

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Startup India

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GDP (Gross Domestic Product) is:

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the index of how successful a country's economy is

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Some governments' investment in human capital consists of: citizens' education and training, citizens' gross pay and taxes, investing more into rubber, mining and rice, buying more hi-tech goods and telecoms

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citizens' education and training

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True or False: Human Capital and economic growth go together.

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True

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Entrepreneurship is:

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starting your own business