Category: Economics
Economics is the field of social science that deals with the overall production, distribution, and consumption of goods and services, and how the society use these limited resources in an efficient manner.
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A Half-Century of Population Growth, Increasing Prosperity, and Falling Commodity Prices
Many people believe that global population growth
leads to greater poverty and more famines, but evidence
suggests otherwise. Between 1960
and 2016, the world’s population
increased by 145 percent.
Over the same time period, real
average annual per capita income in the world rose by 183
percent.