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30-10-2017
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When society has a higher level of capital per person, it is called ______________?

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Erudite1 Erudite1

11-11-2017

When society has a higher level of capital per person it is called CAPITAL DEEPENING.
Capital deepening refers to a situation in an economy, when the capital per worker is increasing. Capital deepening is measure by the rate of change in capital stock per labor hour.

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