Harrod-Neutral Technical Progress
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Harrod-Neutral Technical Progress

Improvements in technology that increase the efficiency of labor. That is, harrod-neutral technical progress allows producers to make more with less. This generally results in lower expenses and, on a large scale, it can spur economic growth. However, it can also cause unemployment by making employees with certain skills unnecessary.

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Harrod-Neutral Technical Progress (redirected from Harrod Neutral Technical Progress)

Harrod-Neutral Technical Progress
(redirected from Harrod Neutral Technical Progress)