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Part of the book series: Dictionary Series ((DICTS))

Abstract

factor augmenting technical progress. TECHNICAL PROGRESS which raises the level of output even though the stock of CAPITAL and the LABOUR FORCE have not been changed.

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David W. Pearce

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© 1992 Aberdeen Economic Consultants

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Pearce, D.W. (1992). F. In: Pearce, D.W. (eds) Macmillan Dictionary of Modern Economics. Dictionary Series. Palgrave, London. https://doi.org/10.1007/978-1-349-22136-3_6

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