ECONOMIC GROWTH AND DEVELOPMENT IN TIMES OF CRISIS

Economic development generally speaking should enable sustained economic growth. When we talk about the steady growth it is necessary to mention that he cannot be based on excessive use or abuse the use of natural resources. In this paper the author wants to emphasize the importance of economic development, long-term stable and sustainable growth is a priority of every company that goes through a transition period. The Great Depression was in the thirties of the 20th century and during that time the world faced a major financial problem, today the world is going through a similar period. The basis of sustainable development is in the basic economic principles, that is. Principle of simple and expanded reproduction and all that is spent must be reimbursed and that is to provide new value.