Examlex
Which of the following are predicted by the classical growth theory?
i. population growth will end economic growth
ii. real GDP per person will return to subsistence level
iii. technology drives persistent economic growth
Regulations
Rules or directives made and maintained by an authority to regulate behavior, usually in a specific activity or industry.
Laws
Systematized rules created and enforced through social or governmental institutions to regulate behavior.
Wealthy
Having a substantial amount of money, assets, or resources; rich.
Nationalizing
The process by which a government takes control of a privately owned company or industry, often to assert greater control over the economy.
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