Capital accumulation and technological change bring economic growth, which means that the PPF keeps shifting outward: Production

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Capital accumulation and technological change bring economic growth, which means that the PPF keeps shifting outward: Production that was unattainable yesterday becomes attainable today; production that is unattainable today will become attainable tomorrow. Why doesn’t this process of economic growth mean that scarcity is being defeated and will one day be gone?
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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