3 ms·
Seems to me from my naive viewpoint that efficiency also needs to be taken into account. If my disposable incomes is fixed but each year we get better at making
by smackay 11y ago
Seems to me from my naive viewpoint that efficiency also needs to be taken into account. If my disposable incomes is fixed but each year we get better at making all the things I need so they cost less then, yes, growth in GDP will be stagnant or even declining but every year I will be better off (more stuff) than the year before.