Examlex
According to economist Daron Acemoglu,proximate causes of economic growth include of the following EXCEPT
Customer Satisfaction
An assessment of the degree to which a company's products or services exceed or fulfill the anticipations of its customers.
Research And Development (R&D)
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
Diminishing Returns
A principle in economics that states after a certain point, the addition of a factor of production results in smaller increases in output.
Incremental Changes
Small, step-by-step modifications made to improve a process, product, or service over time.
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