Which of the following will enhance productivity in an economy?
ECONOMICS
WAEC 2013
Which of the following will enhance productivity in an economy?
- A. The use of obsolete capital
- B. Technological change
- C. Expansion of land under cultivation
- D. An increase in the labour force
Correct Answer: B. Technological change
Explanation
A technological change is an increase in the efficiency of a product or process that results in an increase in output, without an increase in input. This will result in an increase in productivity
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