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  Why Economies Grow: (Hardcover)
  Why Economies Grow Cover
 
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Published: October 2002
ISBN: 0465043119, 9780465043118
Format Hardcover
Publisher: Basic Books
Carton Quantity: 32
(Minimum order):  25

Availability:: Usually Ships in 24 to 72 Hours
Product Code: 9780465043118

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The forces that shape economic growth:--The size of markets. Large markets make economies of scale possible and thus encourage saving, investing, and the development of new products.--The availability of information and the literacy of the population. The spread of information gives people access to scientific and technical ideas, products, and productive farming, manufacturing, and marketing techniques.--Natural resources. These seem like primary requirements but are not: they depend on markets for their commercial value.--Surplus capital--savings--that can be used as investment.--Basic economic rights such as guarantees of property and contracts.--Entrepreneurialism, creativity, and the human drive for self-improvement.--Technology and invention. While commonly seen as primary (or even the only) requirements for growth, these are strongly dependent on other factors.

 

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