Answer to Question #72439 in Other Economics for Cecilia Rincon

Question #72439
The primary factors underlying economic growth are: -expanding resources and improving technology. -rising exports and imports. -falling consumer demand but improving technology. -expanding resources and rising interest rates.
1
Expert's answer
2018-01-14T07:25:07-0500
The right answer should be a).There are two types of Economic growth: extensive and intensive. Extensive growth means a physical expanding of resources , on the other hand, the intensive growth is raising an efficiency of the available resources by, for example, improving technology .

References:
http://tipings.com/en/pages/93813
http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/economic-growth-extensive

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