Population increases are the limiting factor in the growth process in

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Classical growth theory emphasizes that population growth is a limiting factor in the growth process as it leads to diminishing returns to labor and capital, ultimately resulting in a steady-state level of output per capita. The other theories mentioned (real growth theory, new growth theory, and neoclassical growth theory) do not place as much emphasis on population growth as a limiting factor.

Population Increases Are the Limiting Factor in the Growth Process