Showing posts with the label societal growth

The Economic Development of Society

Production and economic structure have a level of association when attempting to develop stronger economic growth. According to a paper by Tvaronaviciene & Lankauskiene (2013), a review of economic history finds that many of the main theories associated with economic growth are about platform growth. They propose in their literary study that economic growth often puts pressure to change the economic structure of society.  Most researchers measure economic growth through GDP. As a benchmark, a large percentage of countries use natural resources to create wealth. Yet this approach is not sustainable in the end. The development of knowledge based societies and innovative sectors are more likely to maintain growth into the future. This growth improves upon the livelihoods of those within the workforce.  Adam Smith produced the famous book An Inquiry into the Nature and Causes of Wealth of Nations (1776). Market forces are seen as the invisible hand and are generally bette