Technological Advancements: Technological advancements refer to improvements and innovations in production techniques, machinery, or processes that can lead to an increase in LRAS.
Human Capital: Human capital refers to the knowledge, skills, education, training, and experience possessed by individuals within a workforce. Enhancing human capital can positively impact LRAS.
Government Policies: Government policies such as investments in infrastructure development or initiatives promoting research and development can influence LRAS by fostering long-term economic growth.