Plentiful capital; advanced technology; superior health, education and training of workers; and access to abundant natural resources account for in advanced economies. Multiple choice question. higher labor productivity decreased demand for labor lower labor productivity lower wages

higher labor productivity

Explanation:

Economic growth is simply the increase in the rate or value of real gross domestic product (GDP) per capita over time.

Economic development is defined simply as a degree of measurement of standard or well-being of the people.

Countries with advance economy are known for a lot of capital, advanced technology; superior health, education and training of workers; and access to abundant natural resources account and a higher labour productivity since a lot of manpower/ labour will be available.

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