Consider the Four Basic Factors That Contribute to Economic Growth

question 26

Essay

Consider the four basic factors that contribute to economic growth: human capital,physical capital,natural resources,and technology.Which factor has had the greatest impact on a country's ability to achieve sustained economic growth? Explain.

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Definitions:

Leader Member Exchange Theory

A theory suggesting that leaders develop unique one-to-one relationships with each of the people reporting to them, potentially leading to variability in treatment among followers.

Relationship Develops

The process through which connections and bonds between individuals evolve and strengthen over time.

Transformational Leadership

A style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration.

Straightforward Exchange

A simple, direct trade or transfer of goods, services, or other valuables between parties.