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Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that the following laws increased the productivity of both

  • Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that the following laws increased the productivity of both of these factors of production:
  • 1862 Pacific Railway Act
  • 1946 Federal Airport Act
  • What other examples of economic concentration can you share?
  • What are the risks and advantages to economic concentration?
  • How has economic concentration influenced your industry?

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