Traditional Culture Encyclopedia - Traditional stories - What is the "extensive economic Growth Model"?
What is the "extensive economic Growth Model"?
Sui Xinxiu under Rongshuxia
Son of Honghu Lake What is the growth mode of extensive economic and what is the intensive economic growth mode?
Extensive economic's growth mode refers to the kind of economic growth mode that mainly relies on increasing the input of production factors such as capital, manpower and material resources to improve the output or output value under the condition of low production technology level. Intensive economic growth mode refers to the economic growth achieved by mainly relying on scientific and technological progress and improving the quality of workers, implementing modern scientific management, reducing costs and improving labor productivity in economic construction.
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