What is the growth mode of extensive economic?

The liberal economic growth mode, also known as the extensional growth mode, refers to the economic growth mode in extensive economic, which mainly relies on increasing the input of production factors such as capital, manpower and material resources to increase the maximum output or output value under the condition of low production technology level.

Extensive economic's growth mode, an economic growth mode that relies solely on a large amount of investment and expansion as a major producer, extensive economic's growth mode is realized by expanding production sites and increasing machinery and equipment, and extensive economic's growth mode is to increase labor force.

Outstanding performance of extensive economic's growth mode;

(1) The capital consumption rate of extensive economic's growth mode exceeds the economic growth rate.

(2) The resource utilization rate of extensive economic's growth mode is low, and the energy consumption per unit product is generally higher than the world average.

(3) extensive economic's growth mode, investment and repeated construction lead to serious convergence of industries and products. For the sustainable economic growth, extensive economic's growth mode should realize the transformation of economic growth mode, that is, extensive economic's growth mode should be changed from extensive growth mode to intensive economic growth mode.

Refer to the above content: Baidu Encyclopedia-extensive economic Growth Mode