What you’ll learn to do: understand that economic growth is a relatively recent phenomenon and identify key institutional factors that contribute to economic growth
Earlier in this module we observed that economic growth involves a broad collection of societal changes, which lead to increasing living standards. In this section, we will explain a number of institutional factors that allow or inhibit a society’s economic growth.
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- Introduction to Historical Economic Growth. Provided by: Lumen Learning. License: CC BY: Attribution
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