New technology on its own is sufficient to achieve economic growth

Name: New technology on its own is sufficient to achieve economic growth
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While new technology can certainly contribute to economic growth, it is not sufficient on its own. Other factors such as investment, human capital, and institutional frameworks are also necessary for sustained economic development. Additionally, the diffusion and adoption of new technologies can take time and depend on various social and economic factors.

New Technology on Its Own Is Sufficient to Achieve Economic