asked 26.6k views
0 votes
____ is the increase in eficiency gained by producing more output without using more inputs

2 Answers

3 votes

Technological Progress is the increase in efficiency gained by producing more output without using more inputs.

Technological progress is an economic function that serves to explain changes in economic output in relation to technological advances and progress.

answered
User Brianda
by
8.0k points
5 votes

Technological progress will be the answer. :)

answered
User Andrey Minogin
by
8.2k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories