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Can the economy grow forever?

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Economics Explained

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Many economists think that an eternally growing economy is necessary to keep improving people’s lives, and that if the global economy stops growing, people would fight more over the fixed amount of value that exists, rather than working to generate new value. Which raises the question: is infinite growth possible on a finite planet? Explore how economies can balance efficiency with sustainability.

Exponential growth – or periodic doubling – of the global economy has been occurring for the past:

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About Economics Explained

Economics has had a huge impact on the world we live in—and understanding the key factors at play in these massive, interconnected systems can give us insight into how to make them better, stabler, and more equitable. Dig into these quick and compelling explainers from TED-Ed and World Economic Forum for a taste of economics in action.

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