Long-run economic growth depends almost entirely on rising productivity.

Name: Long-run economic growth depends almost entirely on rising productivity.
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Long-run economic growth is dependent on the ability of an economy to produce more output with the same amount of inputs, known as productivity. This can be achieved through technological advancements, improved education and training, and better allocation of resources. Without rising productivity, an economy cannot sustain long-term growth.

Long-Run Economic Growth Depends Almost Entirely on Rising Productivity