Economic Growth And Resources

Are you aware that economic growth resources are directly related? If people provide products or services, they require resources. At least, some of which are non-renewable raw materials. This is counteracted by increases in efficiency, through which the same GDP can be generated with fewer resources. As a result, resource efficiency can increase and the economy can grow.

Economic growth: Main goals of national economic policy

One of the main goals of national economic policy almost everywhere in the world is economic growth. Arguably, growth raises the population’s standard of living and creates jobs. It can also help solve social conflicts better and enables structural change. Eventually, it is possible to spend more money on activities such as development aid and environmental protection.