Which of the following factors contribute to economic growth?

Question

Quizplus · Accepted Answer

All of the factors listed - growth in physical capital, an increase in the availability of natural resources, an increase in the productivity of labor, and technological advances - contribute to economic growth. Physical capital includes things like buildings, equipment, and infrastructure, while natural resources could be minerals, energy, or land. Increased productivity of labor means workers are able to produce more with the same or fewer inputs. And technological advances lead to increased efficiency and innovation in production processes.

Which of the Following Factors Contribute to Economic Growth