In order to achieve economic growth, investment in capital accumulation is more important than investment in education and other labour productivity enhancing programs.

Question

Quizplus · Accepted Answer

Investment in education and other labour productivity enhancing programs can lead to technological advancements, innovative processes, and skilled workforce, which in turn can increase efficiency, competitiveness and overall economic growth. While capital accumulation is important, it is not sufficient to generate sustainable growth on its own.

In Order to Achieve Economic Growth, Investment in Capital Accumulation