Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that
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Question:
- 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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