Factors of Economic Growth

in the economy of any company is never idle.Moreover, it is by virtue of its features are constantly affects the dynamic changes, and they can be both positive and negative.To always keep the situation under control, you need to anticipate and adapt to all the changes in the economic environment.

Economic growth is the main objective is not only the company but also the state.The higher it is, the greater will be the potential of the national economy and, consequently, the level of people's lives.Economic growth has a positive impact on the development of the business sector, since it opens up new opportunities for the development of market relations.From that, the condition of the economy depends on the cost of resources, and solvent requirements.The decline in the economic development entails a decrease in the volume of products now and reducing the number of workers.

condition of economic growth depends on several factors.Under factors are understood processes and phenomena that determine the extent to which the actual production volumes increase.They also identify opportunities to improve the quality and efficiency of growth.Growth factors, depending on the degree of influence, are divided into major and minor.The main factors of economic growth determine the physical ability of economic recovery.Secondary factors also contribute to the realization of this capability a reality.

development of production can be extensive or intensive way.Intensive economic growth is that capacity is due to the qualitative renewal of production, in particular the transition to newer tools and objects of labor, as well as the introduction of modern, more efficient technologies.Note that in a pure form, this type of production exists.In most cases, instead of intensive use such a thing as "mostly extensive."

Extensive growth is a slow build-up of production, characterized by technical stagnation and limited resources and the conservation of the structure of production.Extensive growth factors almost completely exhausted themselves, due to which there is a need to redirect forces in the search for and implementation of those factors and reserves, which will enhance efficiency and intensification of industrial activity.

factors of economic growth are quite diverse, but all of them can identify the most important and necessary for the successful development of production: utilization of scientific and technological progress, the level of organization of labor and production management, social conditions and guarantees natural conditions, external and internal economicrelations.However, these factors do not always prove effective.For example, in countries where natural conditions are poor, economic growth is quite high due to the use of modern science.Some of the same production, with all the prerequisites for development, can not do it only by the fact that they have no support from the other similar.Often, everything rests on the lack of initial capital, which, in fact, is one of the main engines of economic growth.

factors of economic growth, despite the importance of their results, in close cooperation with each other.In principle, this is the successful development of production.Violation of the integrity of this leads to the inhibition of momentum and, as a consequence, economic recession and the decline in revenue.It is therefore important to monitor the entire production process, not forgetting a timely manner to solve all the problems.