What is the economic theory behind promoting constant business growth?

409 views

What economic theory is involved in promoting constant growth rather than allowing an organization to just reach a point of stability?

In: 3

8 Answers

Anonymous 0 Comments

Modern economics does not operate within the confines of physical reality.

What does that mean?

Modern economics wants constant growth. It’s baked into the theory.

Problem is that growth ignores that we live and work in a world with limited resources. To be clear, I don’t mean scarcity or anything like that; I mean that there’s only so much stuff in the Earth, and of that there’s a limited amount of stuff we can even access.

At some point, that physical limit would creep up against growth.

You are viewing 1 out of 8 answers, click here to view all answers.