How does growth through technology differ from growth through the accumulation of physical capital? technology can change the types of goods people buy in an economy by introducing new types of products and technology makes the existing capital more efficient; accumulation of physical capital does not make such changes. growth through technology and growth through physical capital have the same results. it doesn’t matter how growth happens; they have the same effects. growth through technology leads to increases in per capita income, while growth through the accumulation of physical capital does not. growth through the accumulation of physical capital leads to increasing marginal returns, while growth through technology leads to diminishing marginal returns.