Which best describes the growth process from its ultimate to its immediate causes?
factors of production → institutions → incentives → real gdp per capita
factors of production → incentives → institutions → real gdp per capita
institutions → incentives → factors of production → real gdp per capita
incentives → institutions → factors of production → real gdp per capita

factors of production → institutions → incentives → real GDP per capita

Explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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