Why do economic growth rates matter?

Economic growth is the name of the process that produces an increasing value on human life as opposed to dead objects. read more

Under "normal" conditions healthy growth in productivity combined with the normal steady increase in capital assets leads to economic growth (usually measured as growth in GDP). Of course this does not have to be the case, if you have a rapidly shrinking population or rapid decrease in hours worked or capital deployed than you can have increased productivity without having increased economic growth. read more