Economics · Theories of Growth and Development
Which concept does Kenneth Arrow's theory of 'learning by doing' primarily focus on to achieve growth and productivity increases?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Importing foreign capital-intensive technology
- 2Practice, self-perfection, and minor innovations through production experience✓
- 3Government protectionist policies
- 4Formal institutional investment in education
Correct answer
Practice, self-perfection, and minor innovations through production experience
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