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Economic Growth
Economic Growth
Economic growth can come from a number of sources. It can occur as a consequence of rising population, as has been common throughout recorded history, although increasing output in this way does not necessarily result in any improvement in living standards. The kind of growth which is of much greater importance economically is the sort which leads to higher output per head, or increasing productivity. This is the only way in which rising standards of living can be achieved.
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see also:
▪
Adam Smith
▪
Division of Labor
▪
Economics and Natural Resources
▪
Economy of Learning and Motion
▪
Foundations of Economics
▪
Freedom of Competition
▪
Geographic Specialization of Economic Activities
▪
Governmental Monopoly
▪
Japanese Economics
▪
Keynesian Economics
▪
Marxist Economics
▪
Money, Gold and Inflation
▪
Monopolism
▪
Political Economy and State Security
▪
Procapitalist Economics
▪
The Role of Wealth
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