Explain the role of technological progress in economic development of a country
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Technological advancement and economic growth are truly related to each other
The rapid rate of growth can be achieved through high level of technology
Technological progress is the only determinant of economic progress .But if the level of technology becomes constant the process of growth stops
Thus it is the technological progress which keeps the economy moving
The rapid rate of growth can be achieved through high level of technology
Technological progress is the only determinant of economic progress .But if the level of technology becomes constant the process of growth stops
Thus it is the technological progress which keeps the economy moving
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