Question

Technological knowledge Group of answer choices is the same thing as human capital. does not play a role in the relationship that economists call the production function. is a determinant of productivity. can be discovered but it can never be kept secret.

Answer 1

is a determinant of productivity.

Step-by-step explanation:

Technology is used to make production processes more efficient by giving better uses to labour and capital in a company.

For example a communication software will reduce the need for employees to walk over to another person to get information or share files.

Processes that are not needed in production are either eliminated or made more efficient by use of technology.

As such technology is an important determinant of how productive a business is