Define main reason that developed economies need to grow

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Question: Summarize the contents of the video: the Solow growth model and the paper: Prosperity without growth. Both sources are listed down. Also question what is the main reason ostensibly that developed economies need to grow all the time? Is there a limit to the growth? What it means to have prosperity without growth and how?

1) The Solow Model (Brief, no math) (By Mercatus Center)

2) Tim Jackson: Prosperity Without Growth (By Ian McPherson)

Reference no: EM132275709

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