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Explain about the long-run economic growth.
Long-Run Economic Growth:
Secular or long-run growth is the continued upward trend into aggregate output per person over many decades.
A country can attain a permanent raise in the standard of living of its citizens only by long-run growth. Therefore a central concern of macroeconomics is what finds out by long-run growth.
In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec
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