Long-run economic growth requires all of the following except

Question

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Long-run economic growth requires political stability as it provides an environment for businesses to invest in capital and technologies, leading to increased productivity and economic growth. Political instability, on the other hand, creates uncertainty and discourages investment, ultimately hindering economic growth. Therefore, D is incorrect. A, B, and C are all necessary factors for long-run economic growth. Technological change enhances productivity and increases efficiency, leading to economic growth. Increases in capital per hour worked increase productivity and output per worker. Government provision of secure property rights is essential in promoting investment and long-term economic growth by providing incentives for entrepreneurs to invest in new technologies and businesses.

Long-Run Economic Growth Requires All of the Following Except