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growth in capital per hour accompanied by technological change

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Q: What would contribute to a sustained high rate of economic growth in the long run in an economy?
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What happened to the economy of the United states during the decades of the 1950 and 1960?

it experienced sustained economic growth


What happened to the economy of the United states during the decades of the 1950s and 1960s?

it experienced sustained economic growth


How do enterprises contribute to economic growth?

Business enterprises contribute to economic growth by providing employment opportunities. This allows for more financial success and more money to flow into the economy.


What war caused sustained economic growth?

World War 2 caused sustained economic growth.


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How does Market Economy contribute to the Economic growth of US?

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What factors contributes to the shrinking of the workforce even though economic growth is sustained?

Even though economic growth is sustained, the workforce is shrinking because of increased automation and the aging of the population.


Critics claim that this type of economic system hinders economic growth-?

Critics claim that the planned economy, unlike the market economy hinders economic growth.


How does credit contribute to the growth of the economy?

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How can microeconomics contribute to economic growth of a country?

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