THE NECESSITY OF ECONOMIC THEORY AND THE PRINCIPLES OF ECONOMIC GROWTH

Авторы

  • Makhammadsidik Amonboev Nordic international university

Ключевые слова:

Economics, economic growth, inflation, production, international organizations

Аннотация

Economic theory serves as a foundational framework for understanding the complex mechanisms that drive economic growth, influencing policy decisions and societal welfare. This research explores the necessity of economic theory in elucidating the principles of economic growth, emphasizing its role in providing analytical tools to assess how resources are allocated, how markets function, and how various factors such as technology, labor, and capital contribute to overall productivity. By examining historical data and contemporary case studies, this study highlights the interplay between theoretical models—such as classical economics, Keynesianism, and endogenous growth theory—and real-world applications that inform fiscal and monetary policies aimed at fostering sustainable development. Furthermore, it addresses the challenges posed by globalization, inequality, and environmental sustainability within the context of economic growth theories. Ultimately, this research underscores that a robust understanding of economic theory is essential for crafting effective strategies that not only promote growth but also ensure equitable distribution of resources and long-term stability in an increasingly interconnected world.

Библиографические ссылки

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Опубликован

2025-01-20

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Раздел

Исследовательские статьи

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