Answer
The determinants of productivity are (1) human capital- the skills and trainings of workforce through education and practice. (2) physical capital- the machines and technologies used to make products. (3) natural resources-the inputs and resources used in production. (4) technological knowledge societies method of utilizing resources to produce good and services.
Work Step by Step
This question asks you to specifically think about how the process of business works! The resources and labor and training that goes into the process to make a finalized product. Think about a high-end factory. It has machines (physical capital), human capital( laborers who are trained to use machines), resources to make products (natural resources) and finally technological knowledge to maintain and operate the factory.
