Answer
No, economic output did not begin since human inhabitation on Earth. Modern economic growth started after the Industrial Revolution because more machines are being created to increase the productivity of producing goods. No, different countries have their own pace at modern economic growth because certain countries don’t have enough funds to have machines running at full speed to increase GDP.
Work Step by Step
No, economic output did not begin since human inhabitation on Earth. Modern economic growth started after the Industrial Revolution because more machines are being created to increase the productivity of producing goods. No, different countries have their own pace at modern economic growth because certain countries don’t have enough funds to have machines running at full speed to increase GDP.
