The automotive industry had A significant impact on how many industries produce materials for market. henry Ford put considerable resources into factory efficiency methods using the conveyor belt method and introducing the assembly line process to optimize efficiency. Cars became more affordable because Ford was able to produce more cars. fords production ideas were copied by other industries seeking to optimize profits.
Answer: A higher dependency ratio is likely to reduce productivity growth. A growth in the non-productive population will diminish productive capacity and could lead to a lower long-run trend rate of economic growth.
