classical economic growth theories

pptxgenjs presentation classical economic growth theories 1 what is classical growth theory? classical growth theory is a modern category of economic theory that is applied to the work of several economists who wrote about the process and sources of economic growth in their time, roughly the 18th and 19th centuries. two important theorists associated with these ideas include adam smith and david ricardo. understanding classical growth theory classical growth theory was developed alongside the industrial revolution in great britain. classical economists sought to provide an account of the broad forces that influenced economic growth and of the mechanisms underlying the growth process. the division of labor, the gains from trade, and the accumulation of capital were seen as the main …

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