Abstract
As a country develops, its income rises, and the industrial sector gains more importance than the agricultural sector. Industrial growth is the key to capitalistic development based on private markets. The general equilibrium paradigm and the competitive market mechanisms characterize this growth process. In recent times the growth of high-tech industries has challenged this paradigm.
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Sengupta, J. (2011). Growth. In: Understanding Economic Growth. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-8026-7_8
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DOI: https://doi.org/10.1007/978-1-4419-8026-7_8
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