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Economic growth of national economy

Macroeconomics since the Bretton Woods era | I. Property and social-economic system of society | II. Property essence as economic category | General types of production organization | Money. The history of origin of money. | Market and laws of its functioning. | Types of cooperation of subjects of the market | Business, social and economic essence and organization | Reproduction of individual capital | Salary. Profit. Profit from property |


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The main indicators of dynamics of economic growth are:

1. Growth of volume of the Gross national product, Gross domestic product, National income

2. rate of growth of the Gross national product, Gross domestic product, National income per capita

3. rate of growth of industrial production as a whole, on branches and per capita

 

Economic growth is defined by a number of factors. According to impact on economic growth we can distinguish direct and indirect factors.

Direct factors are those that directly define physical ability to economic growth. The following factors belong:

1.increasing of a number and improvement of quality of a manpower

2.growth of volume and improvement of qualitative structure of fixed capital.

3.improvement of technologies and production organizations

4.increasing of quantities and qualities, involved in economic circulation of natural resources

5. growth of enterprise abilities in society

The indirect factors influence on possibility of transformation of this ability in reality.

The following factors belong to them:

1.decreasing of extent of monopolization of the markets

2. decreasing of prices of production resources

3.changing of taxation systems

4.expansion of possibilities of receiving credits

5. an acting order of distribution of the income between subjects of an economic activity in society

There are two types of economic growth: extensive and intensive.

At extensive type of economic growth expansion of volume of material benefits and services is reached at the expense of the following factors:

1.increasing of numbers of employed workers

2. growth of volumes of consumed raw materials, materials, fuel and other elements of working capital.

3.increasing of the volume of investment at preservation of an existing technological level

Intensive rate of economic growth, on the contrary, is characterized by that expansion of production which is provided at the expense of high-quality improvement of direct factors of growth:

1.usage of progressive technologies

2.improving of qualifications of workers

3. improving of usage of the fixed and revolving funds

4.increasing of efficiency of economic activity at the expense of its best organization

 

Сабақ 11.


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