Section 1
Comparing Economies
Book
Version 3
By Boundless
By Boundless
Boundless Economics
Economics
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/20886/raw/ppf-expansion.jpg)
Economic Growth as a Measuring Stick
Economic growth is measured as the increase in real gross domestic product (GDP) in the long-run, through higher resources or productivity.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20890/square/gdp-accumulated-change.jpg)
How to Compare Economies Throughout History
Economies throughout history are defined by an evolution towards common currencies, global trade, and technologies driving productivity.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20891/raw/hubbert-peak-oil-plot.jpg)
Is Economic Growth a Good Goal?
Economic growth is typically viewed as positive, but there are mixed repercussions of increased productivity within an economic system.