Economic growth depends upon which of the following?
i.Improving the quality of labour
ii.Technological advancement
iii.Increasing the amount of capital

Question

Quizplus · Accepted Answer

All three factors, improving the quality of labour, technological advancement, and increasing the amount of capital, are essential for economic growth. Improved labour quality can lead to increased productivity, lower production costs, and improved innovation. Technological advancement can lead to improved efficiency, cost savings, and increased productivity. Increased capital can lead to increased investment, which can lead to increased output, employment growth, and economic growth.

Economic Growth Depends Upon Which of the Following