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Concept Economic Growth

Economic growth is characterized by an increase in the total output of an economy.
It occurs when a society acquires new resources or when society learns to produce more with existing resources.
Economic Growth
Economic Growth

How to achieve economic growth?

  • The country's attempt to uncover new resources to help it continue the process of economic growth, such as gold and oil discoveries.
  • The increase in the workforce "manpower" in the country is a major factor in economic growth, and it is desirable to pay attention to it and develop it.
  • Technology and new scientific discoveries are among the causes of economic growth, and their availability depends on having significant savings in the country to attract technology.

Importance of economic growth

  • The further improvement in the standard of living of individuals with the increase in national income.
  • The presence of permanent demand for workers, which eliminates the dilemma of unemployment in the economy and thus stimulates permanent production.
  • Reducing the deficit in the state’s general budget or achieving a surplus that can be invested.
  • The existence of economic stability in the country, by providing the basic needs of the country for resources, goods, and others.

باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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