The ratio of economic growth and economic development

UDC 330.356

Authors

Surat V. I.,
candidate of Economic Sciences, Associate Professor of the Department of Economics and Management Academy of Management and Production, Moscow, Russia
Lebedeva E. V.,
candidate of Economic Sciences, Associate Professor of the Department of Economics and Management, Moscow University of Finance and Law, Moscow, Russia

Abstract

The authors carried out a study of the systemic-reproduction and functional-economic access to economic growth, which made it possible to clarify the idea of economic growth as a way of manifestation within the framework of the process of capital accumulation, within which the material well-being of the population is improved.

Keywords

economic growth, capital, economic development, competition, market, enterprise, effective management, quality of life.