Does the economy need more spending now?

Daniel Thornton

Economic Synopses, 2013, No 24

Abstract: Economic growth requires more labor, more and better capital, and up-to date technology?what might be collectively referred to as social infrastructure? to support entrepreneurship and efficient markets. It is hardly surprising that periods of more-rapid economic growth include invention, innovation, new methods of production (e.g., the assembly line, robotics), and entrepreneurship.

Keywords: Economic conditions; Economic growth (search for similar items in EconPapers)
Date: 2013
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