BENEFITS, COSTS AND LIMITS OF ECONOMIC INCREASE

Abstract

The macroeconomic situation of a nation cannot be characterized just by the equilibrium conditions of its economy, but especially by the growth level and rate of the gross domestic product or the national, total income and per inhabitant. These are at the base to ensure the resources to raise the life standard of people, and for the overall progress of the country, for its honorable placement or framing in the national economy. The oscillations of the economic activities and the long term trend interweaved along centuries. Looked in a millenary retrospective by “L'Histoire” known magazine, they appear like: “while the brutal, short-term crises are well sighted, and the tri-decennial cycles have been defined by the Russian economist Kondratieff and are admitted, the long term movements are less known, those trends which make the succession of “The beautiful of the XIV century”, “The gloomy of the XVII century” and the XIX century, considered “grey”, the extraordinary of the XX century, the economics and economic historians are far from agreeing on the reality of these long movements, and if they admit them, they separate on their profound causes.”

Keywords

• economic growth
• economical development
• durable development
• benefits
• limits