Jul 28, 2020 · A key factor in enabling economic growth in the long-term is productivity. Productivity is output per worker. If there is the development of new technology (computers, machines), it means workers will be able to do produce more. This growth in output per worker is a key factor behind economic growth. Policies to increase economic growth. 1.
Their answers will be contributed as a group discussion. To further convey the point the teacher will walk students through a production possibility curve after which students will conduct their own possibilities curve using items of their choice.