Economic growth - issues discussed: What is economic growth? Development and economic growth philippines photo editor Types of economic growth What are the limits to economic growth? Economic miracle – what is it? Examples of economic miracles Economic growth - summary Subscribe to our newsletter and receive new knowledge in the field of accounting, business and technology once a week. Only valuable information. Wpisz swój adres email * Akceptuję regulamin i zapisuję się do newslettera zawierającego informacje o produktach i usługach ifirma.
Zaps see What is economic growth? We understand economic growth as a process contributing to an increase in the standard of living of the inhabitants of a given country. This is associated with an increase in the value of production of goods and services, which simultaneously results in increasing incomes. It is worth emphasizing that growth does not exclude declines in some sectors. Attention is paid to the cumulative effects of economic processes, which are still positive. Development and economic growth It happens that the concepts of economic development and growth are used interchangeably, which is incorrect. These phenomena may be related, but there are significant differences between them.