Without technological advancement, how can a nation achieve economic growth

2 answers:

5 0

Without technological advancement, a nation achieve economic growth through an increase in supplies of factors of production. Economic growth would be achieved if the factors are available in sufficient quantity and at lower price. This situation sill lead to increase in production. This would increase the supply of a product in the market which will result in economic growth.

mario62 [17]3 years ago

4 0

<span>Any nation can achieve economic growth by increasing the supplies for factors of production even without any technological advancement. These factors of production includes the resources and the services that are used for production like the investments, land, labor and management. If there is a strong establishment of Law in the country that can lead to economic growth as well.</span>

You might be interested in

Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positiv

saul85 [17]

Answer:

D.) $50 to $49

Explanation:

a p e x

6 0

3 years ago

Do Public schools, charities and government agencies seek for profit

Delvig [45]

Well in order to run the business no matter which type it is there is a need for revenue, not profit, unless it is private. For public school revenue comes from the State and when a local shop sponsor.

7 0

4 years ago

In the long run, the price charged by the monopolistically competitive firm attempting to maximize profits: must be less than at

elena-s [515]

7 0

3 years ago

In general, business writing should be _____.

Dmitrij [34]

In general, business writing should be _____.

Easy to read quickly

9 0

4 years ago

You can avoid storage and assaying problems by investing in:

Aleksandr [31]

The answer that best fits the blank is GOLD BULLION COINS. In order for you to avoid problems regarding storage, it would be best to invest in this kind of kinds. Typically, brokers would require at least 10 coins plus a 2% commission fee. Since it is gold and gold is considered to be one of the metals with a very high value, this would also mean that these coins also take the value of gold in the market.

7 0

4 years ago