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Economic Growth - Coggle Diagram
Economic Growth
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Past Economic Growth: Steam Engine, Ford Production Line Industrialization, and then Automation Wave
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Economic Growth: more labor, capital, or productivity.
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Past failures of economic growth:
relocate overseas for the cheap labor
Make factories larger
Specialized factories by the product
Consumer market demands a quicker turnover of product that the manufacturing side has not yet been able to sucessfully produce
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