--- title: "1 Economic Opportunities Quotes By Edward A. Hudson" description: "1 Economic Opportunities quotes by Edward A. Hudson. Plus more from Edward A. Hudson and more Economic Opportunities sayings from other authors." image: "https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg" --- > [“Some people, today we would call them entrepreneurs, responded to these economic opportunities by seeking and eventually finding ways of producing these goods in volume and at low cost. They did this by using machines. Physical capital embodied the changes.…](https://sms4smile.com/quotes/edward-a-hudson/some-people-today-we-would-call-them-entrepreneurs-responded-to-these/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) [Image](https://sms4smile.com/quotes/i/04a/edward-a-hudson-13409_business_some-people-today-we-would-call-them-ent_1887066.jpg) ## More by Edward A. Hudson > [“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-continued-by-means-of-a-succession-of-new-products/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Sustained growth at 2% a year changes lives. An increase at 2% a year for 150 years increases average incomes by a factor of 16.”](https://sms4smile.com/quotes/edward-a-hudson/sustained-growth-at-2-a-year-changes-lives-an-increase-at-2-a-year/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more manufactured goods.”](https://sms4smile.com/quotes/edward-a-hudson/england-achieved-the-breakthrough-to-growth-england-s-growth-followed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…](https://sms4smile.com/quotes/edward-a-hudson/there-had-previously-such-as-in-rome-and-the-netherlands-been-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-took-place-at-the-product-and-industry-level-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.”](https://sms4smile.com/quotes/edward-a-hudson/growth-processes-operate-at-the-market-level-not-the-economy-wide/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge potential markets…](https://sms4smile.com/quotes/edward-a-hudson/the-result-was-introduction-and-adoption-of-a-sequence-of-new/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical goods, to…](https://sms4smile.com/quotes/edward-a-hudson/at-the-industry-level-this-process-went-for-example-from-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved more difficult…](https://sms4smile.com/quotes/edward-a-hudson/after-the-1950s-the-leading-causes-of-death-became-heart-diseases/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did not occur…](https://sms4smile.com/quotes/edward-a-hudson/the-development-of-information-technology-has-taken-place-through-a/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas advances in…](https://sms4smile.com/quotes/edward-a-hudson/woolens-were-fundamentally-different-from-cottons-advances-in-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Within this stable and secure environment people had the ability and the incentive to pursue their own economic interests.”](https://sms4smile.com/quotes/edward-a-hudson/within-this-stable-and-secure-environment-people-had-the-ability-and/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Whereas in other countries expansion stopped when an initial advantage had been fully exploited, England moved through a succession of new products and new…](https://sms4smile.com/quotes/edward-a-hudson/whereas-in-other-countries-expansion-stopped-when-an-initial/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“more and better resources going into agriculture allowed food production to increase over the centuries. GDP increased, although along an irregular path, at an…](https://sms4smile.com/quotes/edward-a-hudson/more-and-better-resources-going-into-agriculture-allowed-food/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“per capita incomes scarcely changed; the new production was absorbed in supporting an increasing population. This was not economic growth. The economy expanded, it…](https://sms4smile.com/quotes/edward-a-hudson/per-capita-incomes-scarcely-changed-the-new-production-was-absorbed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economic-opportunities/edward-a-hudson/#itemlist", "name": "1 Economic Opportunities Quotes By Edward A. 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