Intensive versus Extensive Economic Growth

Excerpts from the Paper

PART 1.
Explain the meaning of the following economic concepts. Show how these concepts related to our understanding of the process of technological change or illustrates how technological change contributes to economic growth.
Intensive versus Extensive Economic Growth
Extensive economic growth refers to the increase of total wealth, typically measured at the level of a nation-state. Intensive economic growth refers to the growth of per-capita income. While it is possible for both of these forms of growth to co-occur, they are typically distinct. Extensive economic growth is associated with a period of earlier development. For example, China has been going through extensive economic growth from the early 1980s onwards, whereas for Britain...

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