In the classical system,output and employment are primarily dependent on

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Quizplus · Accepted Answer

Output and employment in the classical system are primarily dependent on population (as it determines the size of the labor force), technology (as it determines the level of productivity), and capital formation (as it provides the resources for investment in production). Thrift is a factor that can contribute to capital formation, but it is not as essential as the other factors mentioned.

In the Classical System,output and Employment Are Primarily Dependent on