137k views
2 votes
What factors lead to economic growth in a country?

User Jenee
by
4.0k points

2 Answers

2 votes

Step-by-step explanation:

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve

Human Capital

Technology

Law.

User Sleblanc
by
4.4k points
3 votes

Answer:

There are three main factors that drive economic growth:

Accumulation of capital stock.

Increases in labor inputs, such as workers or hours worked.

Technological advancement.

User Ji Sungbin
by
4.7k points