Investment in capital accumulation, as well as investment in education and other labor productivity enhancing programs, are necessary for economic growth.

Question

Quizplus · Accepted Answer

Investment in capital accumulation (such as machinery, factories, and infrastructure) allows for increased production and efficiency, leading to economic growth. Additionally, investment in education and other programs that enhance labor productivity can lead to better skills and knowledge among workers, also contributing to economic growth.

Investment in Capital Accumulation, as Well as Investment in Education