Summarize 2 chapters Essay Example | Topics and Well Written Essays - 250 words

retell 2 chapters - Essay ExampleThe production capacity of a country or community is driven by the marginal appetite to consume out of the disposable income. However, the degree of economic growth and discipline is in any case influenced by other variables including fiscal and monetary policies, capital stock, and technological progress. The productive capacity is also affected by other economic and environmental factor and existence of adequate resource capacity. fit to the Neoclassical economist (in their growth model), economic growth rate will significantly decline with the adulthood of the economy as investment resources are mainly used in replacing the depleted sectors of the economy. As more resources/capital stock is injected into the economy and with a significant growth in technology, the economy would exaggerate irrespective of the investment and savings multipliers (Michael, 2004). The production capacity of an economy is also boosted by the marginal propensity t o save and invest. In summary, this chapter focuses on the productivity of the economy and the possible factors or theories behind