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IMPACTS OF ECONOMIC GROWTH ON SOCIAL WELFARE IN AFGHANISTAN

Journal: Oriental Reniassance: Innovative, educational, natural and social sciences (Vol.1, No. 4)

Publication Date:

Authors : ;

Page : 78-87

Keywords : Economic Growth; Economic Development; Industrial Production; Investments; Production;

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Abstract

Economic growth include changes in material production and during a relative short period of time, usually one year. In economic theory, under the concept of economic growth implies an annual increase of material production expressed in value, the rate of growth of GDP or national income. Growth can be achieved, for it does not achieve the developmental course of the economy. So economic development amounts involves not only an increase in material production, but also all the other socioeconomic processes and changes caused by the influence of economic and beyond economic factors. Economic development is therefore expressed in a longer period of time. Economic development of an economy consists of a series of structural changes. The economic development of the country will be achieved through greater participation of the processing capacity of industrial production (secondary sector), and at higher levels is increasingly dominated by service sector (tertiary sector).

Last modified: 2021-05-07 20:03:17