The limits to the U.S. long-term economic growth include capital, technological knowledge, infrastructure, and natural resources. Some of the long-term limits to the U.S. economic growth are capital that has increased investments in businesses. Also, the working population will increase through immigration and society having more and more children which this will raise the labor productivity through better education and training. Other limits that could affect economic growth would be discovery of oil and other raw materials could increase the governments output. The government can demonstrate how economic growth can reduce scarcity. In order to do this the government has to produce goods and services.
The physical and human capital are the tools to become productive and employee’s knowledge and skills to increase for employment. Technological knowledge occurs when efforts are put together to produce the goods and services which increases the results of economic growth. Some people think all you can do is reduce the economic growth because all governmental activity is discussing nothing but the consumption of capital. In my opinion it is never a bad idea to try and address any type of limits to better the society.
