Why does economic growth matter? The answer for economists is that it measures an important component ... But GDP prevailed because the demands of wartime called for a measure of total activity. So ...
Fundamentally, this situation of extensive rather than intensive growth continues because we’re operating a relatively uncompetitive economy that’s integrated with a much more competitive one.
Productivity growth is the key factor in an economy where economic activity can lead to sustainable economic growth alongside increasing wages and jobs for workers. Not only have we seen evidence ...