Economic Growth

Economic growth is the increase in the production of goods and services over a period of time, in terms of the increase in aggregate market value. The most-watched economic indicator, it is characterized by the rise in capital goods, labor force, technology, and human capital, which is conventionally measured as the percent rate of increase in real Gross Domestic Product, or real GDP. Economic growth is one of the most important indicators of a healthy economy, as it also impacts long-term growth on the levels of national income, level of employment, and standard of living. Economic growth also creates more profit for businesses, reduces poverty, and allows stock prices to rise.

Drivers of Economic Growth

  • Debt (but has diminishing returns as Debt grows)
  • Population growth (world popultion growth is slowing down rapidly
  • Technology / Productivity (however it has diminishing returns
    • Electricity much more impactful than cell phones

Economic Growth Concerns (2018)

Technology Revolutionary Impact on Economic Growth