Most economic growth in the world occurred between 1,000,000 B.C.and 1300 A.D.

Question

Quizplus · Accepted Answer

This statement is false. Economic growth as we understand it today, characterized by sustained increases in productivity and living standards, only began to occur in the late 18th and early 19th centuries with the onset of the Industrial Revolution. While there were periods of relative economic prosperity and technological advancement in various civilizations throughout history, such as the Roman Empire and the Tang Dynasty in China, these were not comparable to the sustained growth seen in modern times.

Most Economic Growth in the World Occurred Between 1,000,000 B