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Question
What is the key to economic growth and development?
What is the key to economic growth and development?
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Solution
Productivity is the key to economic growth and economic development. Productivity is defined in economic theory as the ratio of output over input.
Also see: Difference Between Economic Growth and Economic Development
Stay tuned to BYJU’S to learn similar Commerce Questions.
Productivity is the key to economic growth and economic development. Productivity is defined in economic theory as the ratio of output over input.
Also see: Difference Between Economic Growth and Economic Development
Stay tuned to BYJU’S to learn similar Commerce Questions.
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