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What Is an Endogenous Growth Model? How Is Technological Change

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What is an endogenous growth model? How is technological change determined in the two-sector endogenous model?


Definitions:

Harmful Chemicals

Substances that can cause damage or adverse effects to organisms upon exposure.

Asbestos

A group of naturally occurring fibrous minerals that are resistant to heat and corrosion, used in construction materials and textiles but can cause lung diseases when inhaled.

Coal

A fossil fuel formed from the remains of ancient plants, used primarily for electricity generation and steel production.

Pesticides

Chemicals used to kill or control pests, including insects, weeds, and disease-causing organisms, in agricultural practices.

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