Economic growth Quote by Campbell McConnell
““... economic growth is driven by supply factors such as improved technologies and access to more or better resources.””
About This Quote
Source Article: Economic Outlook, 2021
Growth stems from better technology and resource availability, not just demand.
In simple terms: Supply drives growth.
Invest in innovation.
Themes
Mood
Type
When to use this quote
- business strategy
- policy making
- investment planning
Key Concepts
Questions to Reflect On
- How can supply and demand be balanced?
- What tech will reshape resources?
Neglecting demand can cause imbalances.