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To What Extent Is It Possible to Achieve Sustained Economic

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Essay

To what extent is it possible to achieve sustained economic growth by replicating what has already been done (in terms of,for example,building more roads,factories,and office buildings)? Explain by referring to the concepts of diminishing returns and steady state.


Definitions:

Feedback

Information provided about an individual's or system's performance or behavior, intended to guide future improvements or corrections.

Receiver

In communication, the party who interprets or comprehends the message sent by the sender.

Gatekeeper

An individual or mechanism that controls access to something, such as information or resources, deciding who or what is allowed to pass through a certain point.

Persuasive Communication

Communication that presents a message in a manner that causes the other person to support it.

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