efficiencies and development of industries usually result in higher
standards of living. Accounting and financing economic programs among
people can secure the development. We cannot forget like development and
economy are replete with value.
We should remember here that the development can never reach the ideal of 100%, since there is always some waste or defects. As an example, consider agriculture productivity. That also resulted in cheaper food, better health, and more worker time available.
A significant measure relating to changes is economic productivity. It is an important thing because it indicates whether more and more people are expended to economic development a given output of goods and services. Development and economy must be focused on with sufficient competition, lower prices to people.
This means more people can buy the food. The rise and fall of the populations and their incomes over the unemployment, war, terrorism and costs. In spite of this shortcoming, we can track it regularly and watch it carefully as an indicator of economic progress. Of course, people who can make similar or substitute products offer lower prices to achieve sufficient revenues.
Economy can be converted from one form to another, which is vital to life and work. But securing economic growth is not easy because of depressions, terrorism, wars, poverty, unemployment, resource depletion, product substitution, and more.