Economics (MindTap Course List)
Solutions
Economics (MindTap Course List)
What is the difference between neoclassical growth theory and new growth theory with respect to technology?
Difference between neoclassical growth theory and new growth theory in terms of technology.
Neoclassical theory is an exogenous growth theory, which emphasis on labor and physical capital. In the neoclassical theory, the technology is considered as exogenous, that means, technology is generated outside the economic system or betterment in technology that is just happened from outside of our control...
Chapter 17 Solutions
Additional Business Solutions
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