Economic growth
Economic growth occurs when the labor force increases the amount of the goods or services it has.[1] This is through the population working harder or a technological advancement.
Economic Growth Media
Historic world GDP per capita
Countries by real GDP growth rate in % for 2024 (IMF WEO database)*
* below -2.7* -2.7 to -0.2* -0.2 to 2.9* * 3.0 to 5.9* above 5.9* no data* 
The system of economic growth in developed regions
Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation and trade, mechanized agriculture, fertilizers, scientific farming and the Green Revolution.
Rate of change of GDP, world and OECD, since 1961
The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
References
- ↑ Roser, Max (2013-11-24). "Economic Growth". Our World in Data.
