According to New Growth Theory,the factor that traditional theories of economic growth tended to downplay was:

Question

Quizplus · Accepted Answer

New Growth Theory emphasizes the role of knowledge and innovation as key drivers of economic growth, which traditional theories tended to overlook or downplay. While factors such as capital, labor, and natural resources are still important, they are not sufficient on their own to sustain long-term economic growth. Therefore, the correct choice is C - knowledge.

According to New Growth Theory,the Factor That Traditional Theories of Economic