The factors affecting economic growth
Economic growth is influenced by many factors, including economic factors and non-economic factors.
1. Economic factors,
economic factors affect economic growth are all factors that have a direct impact on the inputs and outputs of the economy, including capital, labor, technological progress and resources. Material factors that are important inputs, has a direct impact on economic growth. Production capital related directly to economic growth is understood, not physical capital in the form of money (value). It is the entire physical material accumulates in the economy, including plant, equipment, machinery, plant and equipment that are used as inputs in the production. The role of capital for economic growth is the Keynesian economists appreciated. Specifically, it can be quantified through the Harrod-Domar model.
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