The development of new goods and better ways of producing goods and services is
A)capital accumulation.
B)technological change.
C)the big tradeoff.
D)allocative efficiency.
E)none of the above.

Question

Quizplus · Accepted Answer

Technological change refers to the development of new goods and better ways of producing goods and services. It is a driver of economic growth that leads to increased productivity and efficiency, as well as the creation of new industries and jobs.

The Development of New Goods and Better Ways of Producing