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There is an economist named Solow who is well known for his economic growth theory. Can you please provide explanation about what he says determines
There is an economist named Solow who is well known for his economic growth theory. Can you please provide explanation about what he says determines economic growth, and a deeper reason of what it means? He also says that advanced countries eventually reach a "steady state" where the GDP is no longer growing. What does he say causes this?
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