Explain How Advances in Technology Are Critical to Sustaining Economic

question 220

Essay

Explain how advances in technology are critical to sustaining economic growth,even if capital per hour worked is consistently increasing.Provide a graph of a per-worker production function to support your answer.

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Definitions:

Behavioural

Relating to or concerned with the actions or activities of living organisms in response to external or internal stimuli.

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual, focusing on human freedom, dignity, and potential.

Biological

Pertaining to the science of life or living organisms and their processes.

Modern Research

Contemporary studies and investigations that utilize current methodologies, technologies, and theories to explore various fields of interest.