Will Economy Grow Forever? - page 16.

jaysabi

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Quote from: waqasniaz007 on July 06, 2018, 06:58:06 PM

Few people are trying to claim ignorance. They trust that the Earth's assets are boundless and that a bean stalk can develop to the sky. Or on the other hand maybe they know somewhere down in their heart that we are making a course for an ecological and monetary fiasco, one that they think only they will get by through minds, gold, and firearms.
Others accept intensely that innovation will safeguard us out once more, that smart primates will dependably locate another apparatus that will enable us to separate always stuff from the planet.
Up until this point. Changes in horticulture, back, government, assembling and transportation kept pace with the populace development.
The advancement in technology improved economy from past many years but do you think it will grow forever or their will be reduction in resources?

When resources become scarce, competition and innovation typically have historically driven new advancements which lead to a larger economy. There are probably limits on innovation, but nobody knows exactly what they are. Just as 100 years ago, nobody could have envisioned what an internet economy would have looked like or even imagined it to be possible, we cannot know what innovations will occur in the future. And as certain resources become scarce, we find substitutes. There are physical limits on this as well, but scarcity has been pretty good as spawning advancements and alternatives to the scarce resource.

sniper23

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I think we all know the answer of this.

Of course, it won't. Whenever there is a rise, there is also fall. Nothing can infinitely grow.

bitcoinrays

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Quote from: mr777 on July 28, 2018, 02:39:12 AM

Economic development is based on a chart. It is infinite, but depends on different factors, typically a country that grows too fast, they need to have a high capitalization.

You cannot expect the graph of the world’s economy to be keep on going up all the time. There will be times when you will see that graph going in the opposite direction which will then result in troubles for you to have a better earning. The governments need to think in a positive way and that they need to plan things in a way which can then lift up the economy by providing sufficient facilities.

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Quote from: Courtneyhardy89 on August 02, 2018, 01:24:06 AM

The economy can keep growing in a progressive scale or it can continue in a straight line, keeping the quality and the balance at same time. Politics have a huge contribution over it. A good system of government makes the economy grows to a lot better. Every decision of the leaders involves a big influence to the economy.

The economy of the country can grow depending upon if it is developed or developing . In developing the scope of growth is much higher as compared to already developed economy. The more the economy of a country grows better is the scope for people to grow along with it.

Courtneyhardy89

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The economy can keep growing in a progressive scale or it can continue in a straight line, keeping the quality and the balance at same time. Politics have a huge contribution over it. A good system of government makes the economy grows to a lot better. Every decision of the leaders involves a big influence to the economy.

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Quote from: waqasniaz007 on July 06, 2018, 06:58:06 PM

Few people are trying to claim ignorance. They trust that the Earth's assets are boundless and that a bean stalk can develop to the sky. Or on the other hand maybe they know somewhere down in their heart that we are making a course for an ecological and monetary fiasco, one that they think only they will get by through minds, gold, and firearms.
Others accept intensely that innovation will safeguard us out once more, that smart primates will dependably locate another apparatus that will enable us to separate always stuff from the planet.
Up until this point. Changes in horticulture, back, government, assembling and transportation kept pace with the populace development.
The advancement in technology improved economy from past many years but do you think it will grow forever or their will be reduction in resources?

No of course there will come a time that economy will fall down and it could never recover. As people nowadays are not preserving the natural resources of earth that could make us to have difficulties of getting good natural resources in the near future and this will result to industrial shut down that relatively will make the economy goes down. So economy will not grow forever because there is no forever in this word.

RandyGamage

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As you can see world is going through a crisis. An economy never grow forever, because this world's resources are not enough to fulfill desires of humans. people destroy mother nature to maintain this civilization. we are really in a serious trouble man. we need a system change.

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Growth of economy is like a car driving. While driving where to use clutch; when to put gear; where speed to be increased / decreased; if it is done prudently there are no limits to the goal the driver can achieve. He may go to the farthest point possible; and come back several times.

In the same way while co operating nature if the growth of economy is done our economy can go to any heights. But cutting of trees; polluting the air water; misuse of natural resources is done then one point will come when the nature will react. And with it's reaction; the growth of the economy achieved may come back to the starting point. Even worst position the humanity may have to face.

So nature first; then economic growth.

Direwolve735

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No economic growth is infinite, at some point there will be a crisis. The downturn will necessarily come, the only question is when. In addition, perpetual growth has a number of problems, and one of the main ones is the aggravation of social inequality. Many believe that rapid growth can become a virtual panacea for the political and social problems of countries. But if the benefits of rapid growth exceed 5% or even 1%, social tension will inevitably grow.

Emmaallen87

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The world develops in stages, as well as economically. In the Stone Age, people have been known to make money to trade. The economy must increasingly expand to change the old, like Investment from Gold, to Real Estate, followed by securities transactions and now is electronic transactions. Sure, the economy must day by day develop newer ones, to change the old.

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Quote from: befriendmywater on August 01, 2018, 11:32:03 PM

The world economy will forever develop over time. At present the technology is developing vigorously, many advanced countries are pursuing technology to trade and make money.
But in some countries in Africa they have not been able to grow because their living standards are too low and they have no resources to exploit.

You're right, I also think like that. Nowadays, economic development is still ongoing. well, that is a natural thing, because currently the system from several countries is trying to develop a good economy. and with good economic development, a country will develop and develop.

Andrea23

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Yeah, it will. Until we can no longer utilize our products more than we already are. I'm sure there is a lot to grow but there are many bariers to this. Land, people, gear, etc.... We don't enough resource to keep going forever so until then it will grow. In that case, the answer is no. It won't grow forever.

befriendmywater

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The world economy will forever develop over time. At present the technology is developing vigorously, many advanced countries are pursuing technology to trade and make money.
But in some countries in Africa they have not been able to grow because their living standards are too low and they have no resources to exploit.

MedicineVNT

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The oil-like economy is highly influenced by human and natural resources; it will never grow forever, but it will increase in a certain amount of time and then have slow development time

Karakas

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of course the economy or economy will continue to grow along with technological advances not only in the household, the country's economy should continue to grow

Nolimitz84

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Most likely, once humanity will reach the point of its development when the economy will become strong and it will not need to develop somewhere.But it is clear that it will not soon.it is also clear that we are on the threshold of some big changes in all areas of our lives.And the cryptocurrency and technology behind it will become a bridge between the old world and the new

Kazuyukie

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As a matter of economics, and this is the key to understand Gordon's analysis, sustaine growth in income per person must necessarily be driven by growth in productivity: roughly, how much output a given quantum of inputs- capital, lands, labour and so fourth- can generate. in the long run, output per person will grow approximately at the rate of growth of productivity.

tinystone26

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Yes of course our economy will grow forever because people will always do such a good way to make it grow and to make their life better like other people have in their life . And I don't see that it will not gonna grow forever and maybe our leader are not good enough it still grow while there are a worker that will work for their daily needs and to to support their family.

Bitfling

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Economy growth always fluctuating, some grows and some dont. But with more population in this world, I am believe our economy continue growing because economy activity increasing.

Phil315

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Economies could have continued to grow forever if there are no natural disasters or wars. No country in the world today is at the same place where it was tens year ago. There will always be a little economic growth.

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