economics presentation
Post on 15-Apr-2017
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What is economic growth?
Economic growth is an increase in the value of goods and services produced by an
economy over time
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Why economic growth matters
• Economic growth is about increase in production within the economy
• It is important because our living standards are influenced by our access to goods and services
• Without growth, individuals can only enjoy rising living standards at the expense of others in society
• With economic growth we can all (potentially) be better off
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