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Economic growth Quote by Campbell McConnell

“... economic growth is driven by supply factors such as improved technologies and access to more or better resources.” quote by Campbell McConnell
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““... economic growth is driven by supply factors such as improved technologies and access to more or better resources.””

Campbell McConnell

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.

Key Takeaway

Invest in innovation.

Themes

economics technology resources

Mood

analytical optimistic

Type

explanatory academic

When to use this quote

  • business strategy
  • policy making
  • investment planning

Key Concepts

Productivity innovation theory

Questions to Reflect On

  • How can supply and demand be balanced?
  • What tech will reshape resources?
A Different Perspective

Neglecting demand can cause imbalances.

2.9 out of 5 (8 ratings)

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