Technology, human capital, and physical capital are the three main sources for economic growth in any economy. In your attempt to earn an education, you are adding to the stock of human capital, not unlike building factories adds to the stock of physical capital. Research the concept of modern economic growth. What are the conditions that have allowed for modern economic growth in the last two centuries?

How do technology, human capital, and physical capital affect productivity and economic growth? Think about how the increase in education that you are accomplishing adds to this scenario.

As always, provide examples to support your posting.

Answer rating: 100% (QA)

Modern economic growth refers to sustained and significant increases in per capita income and standards of living that have occurred since the Industrial Revolution in the 18th century Several conditi... View the full answer