Question

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Answer 1

As much as the human and physical capital in economy increases, there is a decrease in the marginal gain in economic growth that will diminish.

Explanation:

Low-income countries might have an advantage achieving greater worker productivity and economic growth in the future as their economic growth is faster than the high - income countries.

As much as the human and physical capital in economy increases, there is a decrease in the marginal gain in economic growth that will diminish. And this is called, the laws of diminishing returns.

Secondly, low - income countries find it easier in developing technologies than the high - income technologies especially countries like India and China.

High - income countries put effort in inventing new technologies, whereas low - income countries just improve and improvise their technology.