Quote by Edward A. Hudson

“The spark that ignited the growth process was the emergence of profit opportunities arising from growing demand hitting against the limits of current supply capacity.” quote by Edward A. Hudson — Download Open image

““The spark that ignited the growth process was the emergence of profit opportunities arising from growing demand hitting against the limits of current supply capacity.””

Edward A. Hudson

★ ★ ★ ★ ★ 2.8 out of 5 (6 ratings)

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…

Edward A. Hudson

Image

“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.”

Edward A. Hudson

Image

“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.”

Edward A. Hudson

Image

“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…

Edward A. Hudson

Image

“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”

Edward A. Hudson

Image

“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.”

Edward A. Hudson

Image

“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge potential markets…

Edward A. Hudson

Image

“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical goods, to…

Edward A. Hudson

Image

“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved more difficult…

Edward A. Hudson

Image

“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did not occur…

Edward A. Hudson

Image

“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas advances in…

Edward A. Hudson