Which of the Following Did Simon Kuznets Find to Be

question 30

Multiple Choice

Which of the following did Simon Kuznets find to be the driving force behind most modern economic growth?  

• A) changes in the quantity of labour 
• B) changes in the quantity of capital 
• C) changes in the quantities of labour and capital 
• D) improvements in input quality

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Definitions:

Technological Synergy

The heightened effectiveness or efficiency achieved when various technological systems operate together in coordination.

Profitable New Markets

Emerging or unexplored market segments that offer the potential for significant financial returns.

Totally New Products

Products that are innovative and provide unique benefits or serve new markets, distinct from upgrades or revisions of existing offerings.

Porter's Model

A strategic tool developed by Michael Porter to analyze the competitive environment of an industry, including forces such as competition intensity, potential entrants, substitution threats, bargaining power of suppliers, and customers.