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The two basic determinants of economic growth are and

The two basic determinants of economic growth are and
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The two basic determinants of economic growth are expanding resources and advancing technologies.

Economic growth simply means an increase in the amount of goods and services produced per head of the population over a period of time. Economic growth only comes from increasing the quality and quantity of the factors of production, which consist of four broad types: land, labor, capital, and entrepreneurship. Expanding resources and advancing technologies imply an increase in productivity

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