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For most of human history, there was no significant improvement in living starndards. Despite improvements in technology and methods of production, output per capita increased

For most of human history, there was no significant improvement in living starndards. Despite

improvements in technology and methods of production, output per capita increased little over

time. This pattern changed with the advent of the industrial revolution. Since then, we have been

experiencing sustained growth in output per capita. What changes in the economic environment

allowed for technological change to translate into improvemnets in living standards? Use the

Matlhusian theory and the Solow growth model for answering

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