Improved technology allows to create more goods and to increase the efficiency of providing services (answer d.) and this is they way that it increases standards of living. If there are more goods and services then more people have an access to them.
Saving allows the person to save more money and investing allows the person to acquire more money
In our analysis of economics and culture, the substantivists argue that sometimes profit motives are alien to non-western societies. Substantivists is a position in which there are two meanings of the word economy. In this case, depending on the situation profit and motives may be motivating and meaningful to different people based on their economic situation.
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