Economic growth is closely linked to technological advancements. Here's why:

1. Innovation: Technological advancements often lead to new products and services, which can create new industries or transform existing ones. This can lead to an increase in economic output.

2. Efficiency: Technology can also make businesses more efficient, reducing costs and increasing productivity. This can lead to higher profits, which can be reinvested in the business, leading to further economic growth.

3. Globalization: Technological advancements can make it easier for businesses to operate internationally, opening up new markets and increasing potential for growth.

4. Quality of Life: Technological advancements can also lead to improvements in quality of life, such as better healthcare and education, which can lead to a more productive workforce.

So, the answer is B. Technological advancements.

Question

Economic growth is closely linked to technological advancements. Here's why:

1. Innovation: Technological advancements often lead to new products and services, which can create new industries or transform existing ones. This can lead to an increase in economic output.

2. Efficiency: Technology can also make businesses more efficient, reducing costs and increasing productivity. This can lead to higher profits, which can be reinvested in the business, leading to further economic growth.

3. Globalization: Technological advancements can make it easier for businesses to operate internationally, opening up new markets and increasing potential for growth.

4. Quality of Life: Technological advancements can also lead to improvements in quality of life, such as better healthcare and education, which can lead to a more productive workforce.

So, the answer is B. Technological advancements.

Knowee AI · Accepted Answer

Economic growth is closely linked to technological advancements. Here's why:

1. Innovation: Technological advancements often lead to new products and services, which can create new industries or transform existing ones. This can lead to an increase in economic output.

2. Efficiency: Technology can also make businesses more efficient, reducing costs and increasing productivity. This can lead to higher profits, which can be reinvested in the business, leading to further economic growth.

3. Globalization: Technological advancements can make it easier for businesses to operate internationally, opening up new markets and increasing potential for growth.

4. Quality of Life: Technological advancements can also lead to improvements in quality of life, such as better healthcare and education, which can lead to a more productive workforce.

So, the answer is B. Technological advancements.

Economic growth is closely linked to:Question 12AnswerA.Government regulationsB.Technological advancementsC.Weather patternsD.Cultural traditions

Question

Economic growth is closely linked to:

Solution

Similar Questions

Upgrade your grade with Knowee