Traditional Culture Encyclopedia - Traditional stories - What is the "balanced growth path"?
What is the "balanced growth path"?
The "balanced growth path" means that the capital K tends to be balanced, and this balance is stable.
Balanced growth, also known as the "big push" strategy, is to break the vicious circle of poverty by implementing the investment plan of all-round growth, so that all kinds of industries can develop at the same time and meet each other's needs, and investment in all sectors is profitable.
balanced growth theory: an economic proposition that all sectors and industries should simultaneously invest to promote economic development. Advocate comprehensive investment and balanced development of various sectors of the economy.
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