Answer to Question #71898 in Macroeconomics for Kelvin E Mercado

Question #71898
The roles of human capital, physical capital and technological change in economic growth?
1
Expert's answer
2017-12-15T09:44:07-0500
Human capital is represented by skills and knowledge of economic players, giving the possibility to produce goods and introduce innovations.
Physical capital represents the material basis for the economic activity.
Technological change gives an opportunity to produce goods more efficiently, and therefore, gives advantages in economic growth for producers.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal