
"The Sources of Economic Growth"
The sources of economic growth refer to the factors that contribute to an increase in a country's production of goods and services over time. Key sources include capital accumulation (investments in buildings, machinery, and technology), improvements in labor productivity through education and training, and innovation, which drives new products and processes. Additionally, effective government policies, access to natural resources, and a stable economic environment can enhance growth. Together, these elements help economies expand, creating jobs and raising living standards for their population.