TAILIEUCHUNG - Lecture Understanding economics (2nd edition): Chapter 17 - Mark Lovewell, Khoa Nguyen

Chapter 17 - Economic growth. When you finish this chapter, you should: Learn about economic growth, its resources, and its impact; examine economic development, its dynamics, the vicious circle of poverty, and the strategies used to break the circle. | Understanding Economics Chapter 17 Economic Growth Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. 2nd edition by Mark Lovewell and Khoa Nguyen Chapter Objectives In this chapter, you will: learn about economic growth, its resources, and its impact examine economic development, its dynamics, the vicious circle of poverty, and the strategies used to break the circle Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. * Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. The Production Possibilities Curve Economic growth can be portrayed using the production possibilities curve in two ways an outward shift in the production possibilities curve due to technological change or an increase in economic resources a movement towards the curve because not all resources have been employed or used to their fullest capacity * The Process of Economic Growth Figure , Page 430 Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights .

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• Understanding economics
• Lecture Understanding economics
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