Before the twentieth century, the most important determinant of productivity was:

Question

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Before the twentieth century, natural resources were the most important determinant of productivity. This is because the economy was largely agrarian and relied heavily on the availability of land, minerals, and other raw materials. Technology and physical capital were also important, but natural resources were the foundation of economic activity. Human capital was not as significant back then since there was less emphasis on education and specialized skills.

Before the Twentieth Century, the Most Important Determinant of Productivity