The overall productivity crisis of the 1970s can be attributed,in part,to insufficient investment in research and development.

Question

Quizplus · Accepted Answer

Many economists and scholars have identified insufficient investment in research and development as one of the factors contributing to the productivity crisis of the 1970s. Companies were not investing enough in developing new technologies, improving production processes, and training workers, which resulted in stagnation and low productivity growth. This led to concerns about the competitiveness of American industries and the overall economic performance of the country.

The Overall Productivity Crisis of the 1970s Can Be Attributed,in