The Solow model emphasizes the role of which of the following factors of production?

Question

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The Solow model emphasizes the role of capital as a factor of production in determining long-run economic growth. It suggests that an economy's output per capita can be increased through investment in new capital, which leads to a higher level of productivity and ultimately higher economic growth. While other factors of production such as labour, land, natural resources, and education do play important roles in economic growth, the Solow model specifically focuses on the role of capital.

The Solow Model Emphasizes the Role of Which of the Following