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:

Specific Culture

refers to the unique set of beliefs, values, customs, and practices that characterizes an organization, region, or group.

Geert Hofstede

A Dutch social psychologist known for his research on the interactions between national cultures and organizational cultures.

Management Techniques

These are methods, strategies, and practices used by leaders to administer and control organizational resources effectively to achieve desired outcomes.

U.S.

The United States, a federal republic in North America, composed of 50 states, a federal district, five major self-governing territories, and various possessions.