GDP is the most popular way to measure economic growth. It's calculated by adding up all the money spent by consumers, businesses, and the government in a given period. The formula is: GDP = consumer spending + business investment + government spending +net exports. Of course, measuring the...
1 Introduction Economic growth is one of the most important and stimulating areas of research in science. Since the mid-twentieth century, many researchers have focused on study- ing the factors that contribute to economic growth. One result is that investment in physical capital is not ...
As a result, the short-term net impact of digitization is unclear. We have found that digitization has not yet reached scale, with a majority of the economy still not digitized. The McKinsey Global Institute has calculated that Europe overall operates at only 12 percent of digital potential, ...
Growth rates can be calculated in several ways, depending on what the figure is intended to convey. A simple growth measurement simply divides the difference between the ending and starting value by the beginning value, or (EV-BV)/BV. Theeconomic growth of a country’s GDPcan thus be comput...
Economic growth occurs when the general productivity of a country or region increases. The economic productivity of nations is measured as Gross Domestic Product (GDP). The growth of economic production is typically driven by multiple sectors increasing output to compliment one another. The increased ...
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In the blog “What is Investment?” we introduced you to the domain of investment. It is an essential aspect of personal and economic growth. It refers to the process or mechanism of putting money and resources into various assets, with the expectation of reaping benefits in the future. It...
Understanding your break-even point is important for managing a business. It can help you: Refine pricing: Suppose you’ve decided to launch a new line of organic skincare products. You've carefully calculated your costs, but now comes the tricky part: what do you charge? A break-even ana...
Seasonal forecasting will help you predict your sales and revenue during your busiest time of year. Here’s why it’s important, and a guide to doing it right.
Critics have argued that GDP doesn't take into account whether the economic growth it measures is sustainable, or the damage it might do to the natural world. Alternative measures have been developed. 批评者指出GDP并不会统计这个经济增长是否是可持续的,或者是否会对环境产生很大危害。