Technological advance is very tightly intertwined with:

Question

Quizplus · Accepted Answer

Technological advance requires significant resources and investment, which is often provided through capital formation. Capital formation refers to the accumulation of funds, assets, and investments by individuals, companies, and governments to finance economic development and growth. Technological advances require significant amounts of capital to develop new products, processes, and services, and to improve existing ones. Without sufficient capital formation, technological advance would be severely limited. Household consumption, government spending, and population growth can also impact technological advance but are less directly intertwined with it than capital formation.

Technological Advance Is Very Tightly Intertwined With