How does factor accumulation help convergence

Factor accumulation is the process by which countries accumulate assets, such as physical capital, human capital, and technology, to grow their economy. It helps convergence by creating new sources of income, productive capacity, and resources that can be harnessed to create more economic opportunity and greater equality of incomes among different nation. In this way, factor accumulation can facilitate the faster catch-up and closure of the economic development gap that oftentimes separates similar countries. In addition, through a rise in productivity, factor accumulation can help reduce inequality by creating a larger pool of opportunities and higher wages for workers. This, in turn, can lead to increased growth, more efficient use of resources, and strengthened fiscal policies that can help create a more inclusive economic system.