Eg. % male employees involved in agriculture fell from 10.9% in 1998 to 6.7% in 2007, as compared to % male employees in service sector which has increased from 54.8% to 59.9% in 2007
Evidence: Gini coefficient increased significantly from 0.298 in 1998 to 0.325 in 2008 (highest ever since 1990)
Actual growth due to fuller use of resources.
Level of development
Openess of economy to free trade
Level of infrastructure available
Leads to an increase in SOL, Evidence: Rise in GDP from 533billion $US to 1 trillion $US, from 2000-2007, High SOL can also be seen with South Korea's 100% urban development over the years.
Example: South Korea's involvement in the Kyoto protocol, Antarctic Treaty, Biodiversity Treaty, e.t.c, Efforts have also been put into place to reduce the impact rapid development placed on the environment, Example: Nationwide bike network, alternative energy like wind and biofuel to reduce dependence on polluting fossil fuels
Depends on supply side factors, i.e the capacity of the economy to produce
Affected by: Quantity (eg labour & land) of available resources, Capital Accumulation, The collection of durable assets that help generate output of goods and services., Net investment = gross investment (amount of new capital added to the korean economy) - capital depretiation., Labour, which is calculated by:, Size of working population, 61% of total population engage in labour., Cultural factors (female participation of labour force), 50% of work force are females., Demographic factors, Economic factors
As well as Quality (affects productivity of resources), Technological Progress, Improves the productivity of production