capital widening
capital widening
an increase in the CAPITAL input in the economy (see ECONOMIC GROWTH) at the same rate as the increase in the LABOUR input so that the proportion in which capital and labour are combined to produce national output remains unchanged. See CAPITAL DEEPENING, CAPITAL-LABOUR RATIO, PRODUCTIVITY.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005