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irina1246 [14]
3 years ago
15

Which of the following is an important factor for continued economic growth

History
1 answer:
blsea [12.9K]3 years ago
7 0

Human and physical capital exhibit diminishing returns. Per Solow there will be convergence to a steady state. Thus more isn’t better in the very long run. The most crucial known factor for continued economic growth is better ideas. Such will enable us to harness resources for improved production—-the real key the growth.

Better ideas = population x incentives x ideas/hour

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