What is the relationship,of technology and economic growth? What is the relation

Question

What is the relationship,of technology and economic growth? What is the relationship,of,education and economic growth? What’s the relationship of employment and e onomic growth? What is the relationship,of poverty and economic growth? What is the relationship,of technology and economic growth? What is the relationship,of,education and economic growth? What’s the relationship of employment and e onomic growth? What is the relationship,of poverty and economic growth? What is the relationship,of,education and economic growth? What’s the relationship of employment and e onomic growth? What is the relationship,of poverty and economic growth?

Explanation / Answer

Economic growth means production of more goods and services compare to earlier year.

1.

There is positive relationship between technology and economic growth because if technology is advanced, then more goods and services can be produced with less labor or with the existing labor. Hence it leads to economic growth.

2.

There is positive relationship between education and economic growth because if education kelev increase, so more human capital development, so human capital helps in producing more good and services. Hence it leads to economic growth.

3.

There is positive relationship between employment and economic growth because with the increase in the employment, more goods and services can be produced because more workers can produce more goods and services.

Hence it leads economic growth.

4.

There is a negative relationship between poverty and economic growth because if there are more poverty, it means income is low, if income is low, then saving Will be also low, with low saving investment will also be low. So with low investment production of goods and services decrease.

Hence it leads decrease in the economic growth.

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