What is the theory of classical growth?

Classical growth theory in economics is presented by its supporters as a theory that identifies the parallel between economic growth and population growth. In principle, this theory states that economic growth is tied to increasing and reducing the growth of the population due to the fact that any uncontrolled movement in both directions could have a harmful impact on the economic growth of the nation. The main reason for this statement or belief is the position of supporters of the theory of classical growth, that economic growth can continue only at a time when the available sources still form a sustainable balance with the population. When the growth of the population happens so much that it begins to burden the resources, economic growth stops and eventually starts in response.

The theory of classical growth is derived from the analysis of the fact that the sources exist in nature to satisfy the factors that promote economic growth are so limited that they cannot even atFurthermore, work on the optimal forever if the demand continues to grow. At some point, the demand will eventually replace the available resources and factors that have supported economic growth, suddenly pump, causing incremental reduction in the production capabilities of any nation concerned. The main draft of the theory of classical growth is because the growth of the population must be at a reasonably comparative level with the level of production in the economy so that this economy can continue to prosper.

One way of illustration of opinions expressed in classical growth theory is a natural source, which is finite according to its definition. Assuming that the growth of the population in an identified economy is a stable speed where demand on the soil available is easy to meet, the drought will be maintained for a longer period of time than the economy, where the economy continues to grow due to the benefits of land. In the latter economy, the soil will eventually exhaust and the benefits that promote economic growth will start subsequentlyt. Inquiry on the soil in such an economy will be for agriculture, commercial and industrial development as well as recreational purposes. This available soil does not increase, even if it does the human population, which means that the soil eventually cannot support the rapidly expanding human population, including providing materials for production and production.