The two types of economic growth are:

Name: The two types of economic growth are:
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Question

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The given options suggest various classifications for economic growth, but the most commonly accepted types are cutting-edge and catching-up growth. Cutting-edge growth refers to the development of new technologies and approaches that drive rapid economic growth, while catching-up growth occurs in nations or regions that lag behind, gradually adopting and implementing these innovations to achieve economic progress.

The Two Types of Economic Growth Are