What does extensive economy mean and what is the mode of extensive economic growth

The extensive economic growth mode refers to the economic growth mode that mainly relies on increasing the input of production factors, that is, increasing investment, expanding plants, and increasing labor input, to increase output, and this economic growth mode is also known as the extension growth mode. Its basic characteristic is to expand the scale of production and achieve economic growth by relying on increasing the input of production factors. In this way, economic growth is achieved, consumption is higher, cost is higher, product quality is difficult to improve, and economic benefits are low.

An extensive economy is the opposite of an intensive economy.

Therefore, it is necessary to actively change the mode of economic growth, from extensive economic growth to intensive economic growth, and the intensive economic growth mode is to rely on the optimal combination of factors of production, through improving the quality and efficiency of the factors of production, through technological progress, improving the quality of laborers, and improving the utilization rate of capital, equipment, and raw materials.

The difference between extensive economic growth and intensive economic growth.

1) In terms of the goal of economic development, the extensive economic growth mode one-sidedly pursues the growth of total social production and highlights the growth rate of output value; The intensive economic growth model emphasizes improving the quality and efficiency of economic growth.

2) In terms of the means of economic development, the extensive economic growth mode mainly relies on the factors of production.

to increase the investment of people, money and materials; The intensive mode of economic growth mainly relies on scientific and technological progress and the improvement of the quality of laborers to improve the efficiency and effectiveness of production.

3) In terms of the way of economic development, the extensive economic growth mode mainly relies on laying new stalls, launching new projects, and expanding the scale of investment; The intensive mode of economic growth mainly relies on making full use of the existing foundation, focusing on renewal, transformation and tapping potential.

4) In terms of the performance of economic development, the extensive economic growth mode is manifested in the cyclical fluctuation of economic growth; The intensive economic growth mode is characterized by sustained, rapid and healthy economic development.

The economic growth mode, also known as the extension growth mode, refers to the economic growth mode that mainly relies on increasing the investment of capital, manpower, material resources and other production factors to increase the output or output value under the condition of low production technology.

Extensive economic growth mode This economic growth mode is achieved by simply relying on a large number of investment and expansion of production leaders, and the extensive economic growth mode is achieved by expanding production sites and increasing machinery and equipment, and the extensive economic growth mode is to increase labor force.

Outstanding performance of extensive economic growth mode:

1) The capital consumption rate of the extensive economic growth mode exceeds the economic growth rate.

2) The resource utilization rate of the extensive economic growth mode is low, and the energy consumption per unit product of the extensive economic growth mode is generally higher than the world average.

3) The convergence of industries and products caused by extensive economic growth mode, investment and duplicate construction is serious. For the sake of sustainable economic growth, the extensive economic growth mode should realize the transformation of the economic growth mode, and the extensive economic growth mode should be transformed from the extensive growth mode to the intensive economic growth mode.

The above content refers to: Encyclopedia - Extensive economic growth mode.

The extensive economic growth mode refers to the economic growth model that relies on a large amount of input and expansion of production factors to achieve economic growth under the condition that the quality, structure, use efficiency and technical level of production factors remain unchanged.

The main thing is to increase the input of production factors by a large amount, such as resources, capital, labor, and so on. The use of resources is relatively inefficient, which is a more extensive way of growth.

"The extensive economic growth mode is an economic growth model that relies on the large input and expansion of production factors to achieve economic growth under the condition that the quality, structure, efficiency and technical level of production factors remain unchanged. ”

Hope it helps.

What is the extensive economic growth mode?