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Economics (958)
Lecture

Economic 3.docx

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Department
Economics
Course
Economics 1022A/B
Professor
Jeannie Gillmore
Semester
Winter

Description
Economic Growth The expansion of production possibilities- and increase in the standard of living-is called economic growth. Two key factors influence economic growth: Technological change: the development of new goods and of better ways of producing goods and services. Capital accumulation: the growth of capital resources, w
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