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Answer to Question #325851 in Economics for donvick

Question #325851

Why is increased savings and investment persieved as necessary but not sufficient condition for economic growth

1
Expert's answer
2022-04-08T09:02:47-0400

Increased savings and investment are necessary but not sufficient conditions for growth. Structural changes required – including change in production, composition in consumer demand, international trade, urbanization and growth and distribution of population.


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