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Question
question 8 (2 points)
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in the country of azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. which components of growth are recorded here?
physical capital and technology
human capital and technology
human and physical capital
technology only
Brief Explanations
- Physical capital: Smart cell phones are physical assets used in business operations.
- Technology: Using new smart cell phones for tasks like sales recording, inventory checks, and purchase orders represents technological advancement.
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Physical capital and technology