Economic growth is the increase in the inflation-adjusted market value of the
goods and services produced by an economy over time. It is conventionally
measured as the percent rate of increase in re...
The key to the importance of growth is that, for the last ~200 years, the ... At the
aggregate level, production is the nation's "income" -- it is what ...
Nov 25, 2009 ... Economic Growth is often seen as the 'holy grail' of economic policy. This
simplistic emphasis on economic growth is often criticised because of ...
Oct 16, 2008 ... Politicians see growth as very important. Elections are won or lost on the state of
the economy. Look what happens if growth disappears and ...
Perhaps the most important prerequisite of economic development is the aspiring
nation's access to the discoveries of modern science and innovators to adapt ...
Apr 24, 2016 ... As one can imagine, economic production and growth, what GDP represents, has
a large impact on nearly everyone within that economy.
Economic growth is important if businesses are to grow and prosper. ... Over time
real economic growth leads to major improvements in living standards, ...
Dec 12, 2013 ... GDP is an accurate indication of an economy's size. ... For example, a nation may
be experiencing rapid GDP growth, but this may impose ...
The focus on human capital as a driver of economic growth for developing
countries ... has underscored the importance of cognitive skills for economic
There's a well-understood correlation that as the economy of a country ... the
health of a nation's citizens can directly result in economic growth, because there