× Didn't find what you were looking for? Ask a question

Recent Posts • Latest Topics • Unanswered Questions

Top Posters

Since Sunday

5

a

5

k

5

c

5

B

5

l

5

C

4

s

4

a

4

t

4

i

4

r

4

How does the new growth theory explain economic growth?

Jojo2you

wrote...

Posts: 216

Rep:

5 years ago

How does the new growth theory explain economic growth?

How does the new growth theory explain economic growth?

Textbook

Macroeconomics

Macroeconomics

Edition: 12^th

Author: Parkin

Read 34 times

1 Reply

Related Topics

Solved The theory of economic growth divides the causes of growth into
Solved Solow's theory of economic growth concludes, "the possibility of steady growth would be a ...
Solved The new endogenous growth theory concludes that sustained economic growth in a country comes from ...
Solved A defining feature of new growth theory is that it involves economic models of growth which account ...
Solved Neoclassical growth theory attributes economic growth to
Solved According to neoclassical growth theory, the higher real GDP per person from economic growth will
Solved Neoclassical growth theory predicts that China's economic growth rate will ________.
Solved Which theory of economic growth concludes that growth can continue indefinitely?

Show More

Replies

fgarza2146

wrote...

#1

5 years ago

The new growth theory explains growth as the result of choices made in the pursuit of profit. If people choose to look intensively for new technologies they will be found more quickly. Profit is the motive to look for technological change. The reason is that competition squeezes profits. Firms are constantly looking for ways to reduce costs and increase profits through technological change. The economy can grow forever as long as people make the choices that encourage the search for new technologies.

2 Votes

noah.ratliff, macbookpro1

Explore

Post your homework questions and get free online help from our incredible volunteers

1173 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

1977

748

936

Your Opinion

Previous poll results: What's your favorite funny biology word?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.