Goal+-+Economic+Growth


 * Macroeconomic Goal of Economic Growth**

Economic growth is achieved by increasing the economy's ability to produce goods and services. This goal is best indicated by measuring the growth rate of production. If the economy produces more goods this year than last, then it is growing. Economic growth is also indicated by increases in the quantities of the resources (labour, capital, land, and entrepreneurship) used to produce goods. With economic growth, society gets more goods that can be used to satisfy more wants and needs. Standard living of people will rise and scarcity is less of a problem. If economic growth increases, everyone would be happy because we might get supports from government at least we do not lose any.