Economic Growth

Economic growth is defined as the sustained increase in real GDP or GNP per capita over time. Economic growth is desirable for an economy as it increases its real national income and standards of living for its people in general. Although it is desirable, economic growth does have its benefits and costs. One benefit would […]

The research of the impact of natural resources on economic growth is relevant because everyone who not only economists and financiers care problems of the economy through society anyway in their daily life. This research is controversial because while some believe that many countries without natural resources could develop their economy, others believe that natural […]

The economy of the People’s Republic of China is the second largest in the world after the US when measured on a purchasing power basis. With a booming economy and 1. 3billion people, it is now the world’s largest consumer of grain, meat, coal and steel. China is no longer just a developing country. It […]