Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

Question

Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

In: 56

Answer 1

“The economy” is a measure of all the things that people do.

So if you look around you, is there more of anything you want? More healthcare, more housing, scientific research, anything? Increasing that means increasing the size of the economy unless you get rid of something else. Nobody wants their stuff destroyed or taken away (even if you could transfer it from one purpose to another), so you grow or else.