Final answer:
Government policies can increase the accumulation of knowledge capital through guaranteeing intellectual property rights, government assistance with R&D costs, and cooperative research ventures between universities and companies.
Step-by-step explanation:
Government policies can help increase the accumulation of knowledge capital in three ways:
- Guaranteeing intellectual property rights: This encourages individuals and organizations to invest in research and development by ensuring that they will have exclusive rights over their inventions or creations.
- Government assistance with the costs of research and development (R&D): By providing funding or grants, the government can incentivize innovation and support the development of new technologies.
- Cooperative research ventures between universities and companies: Collaborations between academic institutions and businesses can facilitate the exchange of knowledge and resources, leading to the accumulation of knowledge capital.