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Is it possible for an economy to continue growing forever solely by accumulating more capital?
No, an economy cannot sustain perpetual growth solely through capital accumulation due to diminishing returns. As more capital is added, the incremental gains in output decrease over time. Additionally, factors such as resource constraints, technological innovation, and labor dynamics play crucial roles in driving long-term economic growth. Ultimately, a balanced approach that includes improvements in productivity, technology, and human capital is essential for sustainable growth.
What else can I help you with?
Which is more important in a traditional economy accumulating individual wealth or honoring tradition?
Honoring Tradition
What are factors affecting capital accumulation in an economy?
determinants of capital accumulation
Is the economy getting better?
The economy is starting to get better. As of October 2009, the economy is at the 100 year average. Economy will continue to get better.
What is the importance of foreign capital inflows to the namibian economy?
The importance of the foreign capital inflows to the Namibian economy is that the foreign exchange is used for both the imports and exports. The foreign capital inflows is therefore very important.
What describes human capital?
the ability a person has to contribute to an economy
Which is more important in a traditional economy accumulating individual wealth or honoring tradition?
Honoring Tradition
Which is more important in traditional economy accumulating individual wealth or honoring tradition?
Honoring Tradition
When is business considered capitilistics?
When it fulfills the essentials of a Capital Economy. Please read Capital Economy for more.
What are factors affecting capital accumulation in an economy?
determinants of capital accumulation
What are Roles of Capital Market Authority to the economy?
roles of capital markets
What kind of capital increases growth in the economy?
You are referring to investment capital.
The principle of money credit and banking?
The principal of money, credit, and banking is essential to a free market economy. The principal makes capital possible for new businesses.
Is the economy getting better?
The economy is starting to get better. As of October 2009, the economy is at the 100 year average. Economy will continue to get better.
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
What happens if the bailout doesn't work?
The recession would continue & The economy would continue to suffer
Why does the gasoline prices continue to increase?
the economy is horrible
What is the importance of foreign capital inflows to the namibian economy?
The importance of the foreign capital inflows to the Namibian economy is that the foreign exchange is used for both the imports and exports. The foreign capital inflows is therefore very important.
