Econoimics of growth

The economics of growth studies how a country's economy expands over time, leading to higher income and better living standards. It examines factors like technological innovations, investment in infrastructure, education, and policies that encourage productivity. When these elements improve, they enable businesses to produce more goods and services efficiently, creating jobs and increasing wealth. Sustainable economic growth depends on balancing short-term gains with long-term stability, ensuring resources are used wisely and inclusive benefits reach society. Overall, the goal is to understand what drives growth and how to foster conditions that improve prosperity for all.