What is economic growth?

Economic growth is the ability of an economy to produce more services and goods in a particular period when compared to another time. An economy is said to have growth if the goods and services that are produced now are more and better than the once which were produced previously. When the economy is stable, […]

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The importance of Technological Change and Economic Growth

Technology has changed the way we look at the world. It has deeply affected the global economy in a huge way. Technology has played a major role in international trade, and it has transformed the marketplace and has improved our standards of living. Today we have robotic systems which operate an entire manufacturing unit and […]

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