Human labor is essential for economic growth. A highly educated labor force further stimulates economic growth. Additionally, a highly educated labor force can easily adapt to new working environments and conditions. In view of that, it is evident that education serves as the driving force for innovation of new products and services. Educated workers exchange ideas in the work place and come up with new ideas that help in the growth of the economy.
Human labor is essential for economic growth. A highly educated labor force further stimulates economic growth. Additionally, a highly educated labor force can easily adapt to new working environments and conditions. In view of that, it is evident that education serves as the driving force for innovation of new products and services. Educated workers exchange ideas in the work place and come up with new ideas that help in the growth of the economy.
Chapter7: Economic Growth: Theory And Policy
Section: Chapter Questions
Problem 2DQ
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Human labor is essential for economic growth. A highly educated labor force further stimulates economic growth. Additionally, a highly educated labor force can easily adapt to new working environments and conditions. In view of that, it is evident that education serves as the driving force for innovation of new products and services. Educated workers exchange ideas in the work place and come up with new ideas that help in the
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