The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLASSICAL GROWTH THEORY Definition & Legal Meaning

Definition & Citations:

Theory promoting the notion that economic growth ends when a population increases. Supporters of this theory believe that the population increases as the gross domestic product increases. This population growth increases demand on resources, limiting available resources. Limited resources drives a decrease in the gross domestic product leading to a decrease in parts of the population.

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