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Why will the world economy grow in the future.


 The economy will grow in the future when the production of goods and services increases. This can happen for several reasons, including:

More people workingWhen more people work, consumer spending increases, which leads to more sales for businesses. Businesses then hire more workers to keep up.

Advances in technologyTechnological advances can contribute to economic growth

Increases in resource suppliesAn increase in resource supplies can contribute to economic growth.

Increases in capital goodsIncreases in capital goods can contribute to economic growth

Increases in human capitalIncreases in human capital can contribute to economic growth

Economic development can also help protect a local economy from economic downturns by attracting and expanding major employers

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