Asked by
Mariah Thompson
on Dec 16, 2024
Verified
_____ is a resource whose quality is most often enhanced by technological change.
A) Capital
B) Land
C) Labor
D) Entrepreneurship
E) Credit
Technological Change
The advancement and application of innovative techniques, machinery, and software in production processes, significantly affecting productivity and efficiency.
Resource Quality
Pertains to the caliber or grade of resources, affecting their efficiency and utility in production processes.
Capital
Refers to the wealth in the form of money or assets owned by an individual or organization that is available for investment or production purposes.
- Identify the differences between growth in physical and human capital.
Verified Answer
GA
Learning Objectives
- Identify the differences between growth in physical and human capital.