In the 1950s, economists began to be concerned with the factors involved in economic growth. Abramovitz, Solow and Swan were probably the first authors who analyzed the causes of the increase of the GDP in an economy, with regards to the aggregate production function. According to their theory, the factors which determine the growth process on the supply side were basically two: work and capital. On the demand side, the goods produced are destined to be used by three basic variables: consumption, saving, and investment.
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Guzmán, J., Santos, F.J. (2009). Entrepreneurial Structure From a Regional Perspective. In: Galindo, MA., Guzman, J., Ribeiro, D. (eds) Entrepreneurship and Business. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-70902-2_4
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