Economic growth
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 Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation and trade, mechanized agriculture, fertilizers, scientific farming and the Green Revolution. |
Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods and services produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment," which is caused by growth in aggregate demand or observed output.
- See also: Wikipedia
- Related: Capital accumulation, Demographic economics, Economic development, Export-led growth, Growth accounting, Growth elasticity of poverty, Human development theory, Malthusian trap, Steady state economy, Unified growth theory
| Economic Growth Economic Growth www.econlib.org/library/Enc/EconomicGrowth.html - Web |
| "Economic growth." "Economic growth." www.britannica.com/eb/article-9106198/economic-growth - Web |
| Beyond Classical and Keynesian Macroeconomic Polic... Beyond Classical and Keynesian Macroeconomic Policy www.gsb.stanford.edu/.../London_Speech.html - Web |
Gallery for «Economic growth»
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| CEPR Economics Seminar Series CEPR Economics Seminar Series www.cepr.net/index.php/economics-seminar-series/ - Web |
| On global economic history On global economic history www.iisg.nl/research/jvz-research.pdf - Web |
| The Economist Has No Clothes The Economist Has No Clothes www.sciam.com/article.cfm?id=the-economist-has-no-clothes - Web |
| Economics for Everyone- Evaluating Economic Growth Economics for Everyone- Evaluating Economic Growth www.indiainfoline.com/.../4675439076 - Web |
| Understanding the world today Understanding the world today gsociology.icaap.org - Web |
| Historical data - since 1954 - comparing the US GD... Historical data - since 1954 - comparing the US GDP growth rate versus the US Fed Funds Rate www.intelligentguess.com/.../ - Web |
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| Angus Maddison's Historical Dataseries Angus Maddison's Historical Dataseries www.ggdc.net/maddison/ - Web |
| OECD Economic growth statistics OECD Economic growth statistics stats.oecd.org/wbos/Index.aspx?QueryId=350 - Web |
| multinational data sets multinational data sets gsociology.icaap.org/dataupload.html - Web |
