Economic growth facts for kids
Economic growth occurs when the labor force increases it productive output. This is through the population working harder or a technological advancement
Images for kids
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The system of economic growth in developed regions
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Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation and trade, mechanized agriculture, fertilizers, scientific farming and the Green Revolution.
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The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
See also
In Spanish: Crecimiento económico para niños
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Economic growth Facts for Kids. Kiddle Encyclopedia.