Equal rates of factor growth and/or technological progress in the production of two commodities is:
A)immiserizing growth
B)the central focus of endogenous growth theory
C)balanced growth
D)the engine of growth

Question

Quizplus · Accepted Answer

Balanced growth is when both factors of production and technology grow at equal rates in the production of two or more goods. This leads to a sustained increase in economic growth and development.

Equal Rates of Factor Growth And/or Technological Progress in the Production