Increase in

output+
Increase in total socia-econom
output of goods and ic change
Can take services
place Quantitative Quantitative and Qualitative
without eco
development Can't take
place without
growth
 del Y/Y=del K/K= del L/L

technology= constant

Y= A F(K,L)
knife edge equillibrium, can deviate Economy will eventually come to steady state
from steady state
Y=W+P
Improvement over lewis model