In earlier centuries, the Roman and Chinese economies

Question

Quizplus · Accepted Answer

The Roman and Chinese economies experienced significant expansion in earlier centuries, but this growth was largely due to increases in population and territorial expansion rather than improvements in productivity or technology. As a result, while the overall size of the economy grew, the output per person (or per capita income) remained relatively stagnant, as the gains were spread over a larger population without significant increases in the efficiency of production or technological advancements.

In Earlier Centuries, the Roman and Chinese Economies