What does crude economy mean

The crude economic growth mode refers to the main reliance on increasing the input of factors of production, i.e., increasing investment, expanding plant, increasing labor input, to increase production, this economic growth mode is also known as the episodic growth mode. Its basic characteristic is to rely on increasing the amount of input of production factors to expand the scale of production and realize economic growth. This way to realize economic growth, higher consumption, higher costs, product quality is difficult to improve, lower economic efficiency. Rough economy is the opposite of intensive economy.

So, it is necessary to actively change the mode of economic growth, from the rough economic growth to the intensive economic growth, and the intensive economic growth mode is to rely on the optimal combination of factors of production, through the improvement of the quality of the factors of production and the efficiency of the use of the factors of production, through the technological progress, improve the quality of the workers, and improve the utilization rate of the capital, equipment, raw materials and realize the growth

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