Technological change is more important to long-run economic growth than changes in capital. The easiest way for firms to gain a

Question

2 years ago

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Technological change is more important to long-run economic growth than changes in capital. The easiest way for firms to gain a

ccess to new technology is through A. foreign direct investment. B. savings and investment. C. wars and civil strife. D. health and education.

Social Studies

1 answer:

Keith_Richards [23] · Answer 1 · 2022-01-12T18:22:10+03:00

Answer: <em>Option (A) is correct.</em>

Explanation:

Technological change is a vital source for any economy to grow. It is considered to be more significant for long-run economic growth than changes in capital. The easiest way for any firm or organization to gain access to current technology is via FDI ( Foreign Direct Investment). Foreign Direct Investment brings in several opportunities for firm and organizations such as opening up to the global competition and getting access other factors that might prove profitable for them.

Technological change is more important to​ long-run economic growth than changes in capital. The easiest way for firms to gain a

Technological change is more important to long-run economic growth than changes in capital. The easiest way for firms to gain a