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Everyone knows that the economic growth is the increase of the value of goods and services produced in a national economy over a certain period of time.You are more likely to agree with me that economic growth is closely linked with the growth in the overall level and quality of life of the population, increasing life expectancy, quality of care, availability of quality education, etc.There are two types of economic growth: extensive and intensive. Economic growth is called extensive, if it does not change the average productivity in society. Economic growth is called intense, if it is the basis for growth of well-being of the population and the condition for differentiation in incomes of different social strata. In real life, extensive and intensive types of economic growth do not exist in a pure form. Holds their interlocking and interaction.In conclusion we can say that economic growth is a permanent shift in the curve of production capacity, which is due to the increase in resources and raise technological level.
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