Question

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7. Give two examples and explain how input of greater knowledge can rapidly increase productivity?​

Answer 1

Increased productivity means greater output from the same amount of input. ... Increased gross domestic product (GDP) and overall economic outputs will drive economic growth, improving the economy and the participants within the economy.

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--------- BM'S W

Answer 2

Answer: Human resources are different from other resources like land and physical capital because human beings can use other resources to give out productive output. However, resources like land and physical capital are dependent on human resource for their use and cannot give any productive output all by themselves.