Introduction Understanding the causes and consequences of economic growth is perhaps the most important undertaking in economics. With growth comes the ability to afford new medicine, a cleaner environment, and an easier life. With growth comes the hope that future generations will be better off than previous generations. Growth means that gadgets unimagined in youth may be possible later in life.
Growth gives hope.
Growth in GDP per capita means people's standard of living is increasing. Three Growth Facts 1. The U.S. has the highest GDP per capita in the world, but not the highest growth rate. However, these countries are not growing as fast as some others. The Less Developed world has not.