Economic growth
Economic growth (UK: Economic growth) means an increase in the ratio of output to the raw materials used to manufacture. And the increase in productivity of labor and increasing productivity of inputs. If the drive you in labor productivity will be increased through the learning process in a systematic education or training. Sedate drive it in the production of capital will be increased by improving production technology and the use of capital intensive. How much faster economic growth that has the resources to sacrifice current consumption to be used to invest in even more
economic growth that economists focus on the factors that explain economic growth. Or is the increase in output per capita of the country in the long run. These factors are used to explain the difference between the level of output per capita in the country. In particular, why some countries grow faster than any other country. Or that some groups are more likely to grow intentionally or not. Such factors would include quite a lot of research studies. Investment rate, the population growth. And technological change All this has appeared in both theoretical and empirical studies. The classic model, the growth model in (endogeneous growth) and in accounting for growth (growth accounting).