WAEC - Economics (2018 - No. 37)
which of the following activities will not lead to economic growth?
massive importation of capital goods
intensive capital formation locally
use of modern technology
massive importation of consumer goods
Uitleg
Activities that lead to economic growth
- 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.
- Physical Capital or Infrastructure.
- Population or Labor.
- Human Capital.
- Technology.
- Law