For developed countries, which factor is considered the MOST important driver in productivity growth?

Question

Quizplus · Accepted Answer

Technological progress is considered the most important driver of productivity growth in developed countries as it enables the creation of new and more efficient methods of production and allows for the development of new products and services. Educational attainment and physical capital are also important factors, but they are largely dependent on technological progress for their effectiveness. Natural resources can play a role in productivity growth, but their abundance alone is not a guarantee of higher productivity.

For Developed Countries, Which Factor Is Considered the MOST Important