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Growing the Pie refers to a theory that free market economics grow the size of every slice, and thus raises the standard of living for all participants. This theory proposes that growing the pie is better than redistribution of pie through a centrally controlled economy. Growing the pie is related to the concept of economic liberalism.
Therefore, a company's growth is considered necessary to ensure the survival of the company ("grow or die" [16] [17]): "investment is not an option, or a discretionary decision, it is an imperative that constrains every capitalists' actions and governs the overall economy" [26] Correspondingly, some authors argue that the compulsion to grow can ...
With this in mind, economic development is typically associated with improvements in a variety of areas or indicators (such as literacy rates, life expectancy, and poverty rates), that may be causes of economic development rather than consequences of specific economic development programs. For example, health and education improvements have ...
The consumer savings rate jumped to 6.4% in June, the highest it has been in a year, and far above prerecession levels. But this surge of responsible behavior on the part of Americans isn't ...
"If you invested in a very low-cost index fund — where you don't put the money in at one time, but average in over 10 years — you'll do better than 90% of people who start investing at the ...
In economic growth literature the term "convergence" can have two meanings. The first kind (sometimes called "sigma-convergence") refers to a reduction in the dispersion of levels of income across economies. "Beta-convergence" on the other hand, occurs when poor economies grow faster than rich ones.
In 1950, the average American life span was 65 years, he pointed out during a panel he spoke at called “Navigating Longer Life Spans.” Today, it’s more like 77.5 years—an almost 13-year gain.
Small Is Beautiful: A Study of Economics As If People Mattered is a collection of essays published in 1973 by German-born British economist E. F. Schumacher.The title "Small Is Beautiful" came from a principle espoused by Schumacher's teacher Leopold Kohr [1] (1909–1994) advancing small, appropriate technologies, policies, and polities as a superior alternative to the mainstream ethos of ...
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