Reasons for change in expanded production
What are the reasons for change in expanded production possibilities with women?
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1. An increase in women’s wage rates.
2. Greater access to jobs.
3. Changes in preferences and attitudes.
4. Declining birth rates.
5. Increasing divorce rates.
6. Slower growth in male wages.
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Normal resident: The persons or an institution who lives in a country and whose centre of interest lies in that country is termed as a normal resident of that country.
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How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
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