SISU-240 Lecture Notes - Lecture 5: Real Income, Security Hacker, Rural Flight
17 Jan 2016
School
Department
Course
Professor
Document Summary
Ceiling on the level of attainable output per head. Potentialities from modern science were not available or not well applied. Initially developed in western europe of the late 17th century. Generally happened from external intrusion by more advance society. Growing economy drives to extend technology over the whole front of its economic activity. Economy finds its place in the international economy. Leading sector is now durable consumers" goods and services. Real income rose to a point where people could buy things other than necessities. Furthering of technology is no longer the overriding objective.
