Economy, asked by nilokawotsa, 5 months ago

explain four features of growth definition in economics?

Answers

Answered by sunakarbehera1981
0

Answer:

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Explanation:

Characteristics of growth.

High rates of growth per capita output and population.

High rates of increase in total factor of productivity (TFP); the ouput per unit of all inputs.

High rates of structural transformation of the economy.

High rates of Social, Political, and Ideological Transformation.

Propensity to trade.

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