How is capital deepening related to economic growth?
Expert-verified answer
0 (0 оценки)
0
topeadeniran2 7 months ago
Светило науки - 7561 ответа - 0 помощи

Capital deepening simply increases the marginal product of labor thereby contributing to economic growth.

What is capital deepening?

Capital deepening simply means the increase in the proportion of the capital stock in relation to the number of labor hours worked.

In this case, capital deepening simply increases the marginal product of labor thereby contributing to economic growth.

Learn more about economic growth on:

https://brainacademy.pro/question/1189425

Still have questions?