Economic development is a multifactorial process, which can be analyzed only for a sufficiently long period of time.In this regard, economic growth is one of the urgent problems of the economy of any country in the world.According to the dynamics of economic growth can be judged on the development of the national economy and people's living standards, ways of solving the problem of limited resources and others.The essence of economic growth is as follows.
Growth - is the process of gradually increasing the volume of production on a national scale, is happening under the condition of increasing the use of resources and improving the technology and equipment.Factors and types of growth are determined in a way that selects the country to accelerate the pace of development of the national economy.
types of economic growth are the following: the so-called mainly extensive and, therefore, predominantly intensive.
extensive type historically formed earlier.This is the way of expanded reproduction.In this way there is an expansion in production due to three factors: the growth of fixed assets (capital), labor and material costs (materials, energy, natural resources).
growth model in the absence of technological progress has properties depending on the scale of the impact of increasing the volume of the individual factors.
Extensive types of economic growth for the country are the easiest way of economic development.In this direction, resorting to a rapid development of resources, quickly eliminate unemployment.However, this type of growth characterized by serious shortcomings: technical stagnation, the lack of progress of social production efficiency, are not updated production assets, not innovating.With the rapid development of natural resources while at the same time the development is happening and the rapid depletion of arable layer of soil, mines, fossil sources.It is necessary to increase the means of production and labor costs, so that economic growth is a costly character.
Intensive type is more complex.Its main feature - the increase in the efficiency of the main factors of production, which is possible thanks to technological progress.
intensive types of economic growth activates the growth of the efficiency of all factors of production.With a constant increase in the total costs and increasing productivity and the size of production.
In this way a more efficient means of production used.Their growth is due to the introduction of advanced production processes and technologies, scientific achievements, advanced technology, more sophisticated objects of labor, increase the knowledge and skills development.This growth pattern improves the properties of products, resource conservation, increase productivity, improve the use of the material base of the enterprise.
features of this type of growth is that it is held with the rise of efficiency of production conditions, the development of scientific and technical information, improve the cultural and technical level of active employees.This development overcomes the obstacles specific to the type of extensive growth.The development of the economy translated into the base of continuous economic progress, based on resource conservation.
intensification entails a progressive restructuring of the economy.However, achieving high rates of development and provision of scientific and technical progress, the path may cause unemployment.
There are several types of intensification: labor-saving, capital-saving and comprehensive intensification.All these types of economic growth based on the introduction of more advanced technology and scientific research.
