Which of the following factors contributes to economic growth?

Improvements in technological innovation contribute significantly to economic growth as they lead to increased efficiency, enhanced productivity, and the creation of new products and services. When businesses adopt new technologies, they can produce more goods at a lower cost and with fewer resources, which boosts overall economic output. This process often leads to job creation in emerging sectors and results in a more dynamic economy that can adapt to changing consumer demands.

Technological advancements can also lead to better management practices, reduced waste, and more efficient energy usage, all of which contribute to economic growth. Additionally, innovation can stimulate investment, as businesses seek to implement new technologies, further driving economic expansion. In summary, technological innovation is a powerful engine of growth that supports various aspects of a thriving economy.