” A country’s economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands. “
” With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate of increase in product per worker, and, with average hours of work declining, it means still higher growth rates in product per man-hour. “
” The dynamic drives of modern economic growth, in the countries that entered the process ahead of others, meant a reaching out geographically, and the sequential spread of the process, facilitated by major changes in transport and communication, meant a continuous expansion to the less developed areas. “
” Mass application of technological innovations, which constitutes much of the distinctive substance of modern economic growth, is closely connected with the further progress of science, in its turn the basis for additional advance in technology. “
” Does inequality in the distribution of income increase or decrease in the course of a country’s economic growth? “
All 5 Simon Kuznets Quotes about Growth in picture
Topics: Growth quotes
