Growth imperative
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Growth imperative is a term in economic theory regarding a possible necessity of economic growth. On the micro level, it describes mechanisms that force firms or consumers to increase revenues or cons
Das Kapital by Karl Marx contains the first theory of a growth imperative, which is still disputed today.
The link between technical progress and resource use is disputed
Smart phone and car: voluntary consumption or necessary increases of individual productivity?
Economic growth
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In economics, economic growth is an increase in the quantity and quality of the economic goods and services that a society produces. It can be measured as the increase in the inflation-adjusted output
Growth imperative
…Growth imperative is a term in economic theory regarding a possible necessity of economic growth. On the micro level, it describes mechanisms that force firms or consumers (households) to increase revenues or consumption to not endanger their income…
Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation and trade, mechanized agriculture, fertilizers, scientific farming and the Green Revolution.
Conceptual diagram used in ecological economics illustrating the idea that the marginal costs of economic growth could surpass its marginal benefits
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