How improvement in quality of capital affect economic growth


1. What do you mean by "quality (of capital) per worker"? How does improvement in quality of capital affect economic growth?

2.Explain how the law of diminishing marginal returns is related to the per-worker production function.

3.What is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy.

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Microeconomics: How improvement in quality of capital affect economic growth
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