Economic progress depends on the capacity of an economy to produce, and productive capacity depends on

Question

Quizplus · Accepted Answer

The accumulation of capital (such as machinery, buildings, and infrastructure) allows for increased productivity, while division of labor allows for specialization and efficiency in production. These two factors contribute to an economy's productive capacity, which in turn leads to economic progress. While the other options may also be important for a thriving economy, they do not have as direct of an impact on productive capacity as the accumulation of capital and division of labor.

Economic Progress Depends on the Capacity of an Economy to Produce