Two theories about economic growth are the neoclassical growth theory and the new growth theory. 1. Describe

Question:

Two theories about economic growth are the neoclassical growth theory and the new growth theory.
1. Describe the problem with neoclassical growth theory.
2. Compare the two theories’ assumptions concerning technology.
3. Define the term “meta-ideas.”
4. State the new growth theory’s implication for economic growth.