Economic Growth

1
Economic Growth

• An increase in productive capacity or an outward
  shift in the production possibilities frontiers
  (PPF).

2
Causes of Economic Growth

• Capital Accumulation
• An Increase in the Size of the Labor Force
• Population Growth
• An Increase in Labor Force Participation
• Technological Progress
• Neutral Technological Progress
• Capital-Saving Technological Progress
• Labor-Saving Technological Progress