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You're conflating economic growth with efficiency. Economic growth is measured in gross domestic product. The total of goods and services produced in a given y
by fny 5y ago
You're conflating economic growth with efficiency.
Economic growth is measured in gross domestic product. The total of goods and services produced in a given year.
So as efficiency increases, you actually need to consume more to achieve the same growth since your production costs decrease.
- deleted 5y ago[deleted]
- blacktriangle 5y agoThat's not conflating, that's basic definitions. The problem with this whole thread is that economic growth can come from multiple sources. Increases in efficiency are a very positive source of sustainable economic growth with major environmental benefits. Slash and burn farming or strip-mining is temporary economic growth that will leave the future impoverished. That's why everybody here is talking past each other.