Will Economy Grow Forever?

[WUUEX79]

The economy is a treasure or gift from God given to the entire universe including us as creatures called humans, and every human being is obliged to exploit its existence both from natural resources as well as human/creation results engineering resources, for example cryptocurrency. If both can provide positive benefits for all humans, of course we all have to use them properly.

Few people are trying to claim ignorance. They trust that the Earth's assets are boundless and that a bean stalk can develop to the sky. Or on the other hand maybe they know somewhere down in their heart that we are making a course for an ecological and monetary fiasco, one that they think only they will get by through minds, gold, and firearms.
Others accept intensely that innovation will safeguard us out once more, that smart primates will dependably locate another apparatus that will enable us to separate always stuff from the planet.
Up until this point. Changes in horticulture, back, government, assembling and transportation kept pace with the populace development.
The advancement in technology improved economy from past many years but do you think it will grow forever or their will be reduction in resources?

Every creation created by humans has never been eternal, everything will be abandoned and destroyed, either by human behavior itself, or consumed by age, but along with the destruction of the creation usually new works/innovations will emerge which it claims will provide better profits than previous works. IMO they will not grow forever, but also they will not decrease because their existence will continue to be developed.

[ronics]

there is no historical fact that there is a similar risk of an economy. It's really progress with fall and spears. These will definitely make the economy stronger and investors will be more vulnerable. So right, for me the economy is really growing forever. Maybe we keep track of things that rise up fail then eventually fall.

[katrimans]

Never the economy will continue to grow positively on a continuous basis. There must be a time when the economy experiences few problems and it has been encountered in several instances, so that nothing in this world can continue to accelerate the results of its economic growth.

I do not agree with the fact that economy will grow forever. There are many exogenous factors intervening in the growth of economy that disturbs the economy and might send it to the disequilibrium position. We have been through such stages when the economy recedes and stops growing rather embark upon a reversal journey.

However technology has always been there for the rescue of the economy and advancement in technology can no doubt multiply the output of an economy.

[BTMgoMoon]

This is a very good topic. On the surface, the economy will grow forever because humans have been developing. But in reality, the economy has a cycle, and after the cycle is reached, a financial crisis will be formed. Perhaps the current economic law itself is not perfect.

[genuin]

in my opinion the most dominant technological development than in other fields. Technological development requires very little resources owned by the earth. Progress at this time is not like the previous year where the resources on earth were very dominating. If the resources owned by the earth are exhausted, the related company will not be able to continue production. But do not equate with technology.

[Iwillgotothemoon]

Obviously this is not the case, and the economy is cyclical. The current economy is still not perfect. There are many problems to be solved, otherwise the financial crisis is also cyclical.

[enwi]

in my opinion, economic development depends on several factors and sometimes the economy will experience disruption so that it will make the economy a crisis, but as a strong country it will try to increase the economy again so that the economy will remain stable

[lebronLALK]

The technology is increasingly advanced, the world population is increasing, demand for transactions, sales, and exchange is increasing. The economy will always grow even though resources are decreasing.

[Ividanik]

I think the economy will grow until the world population grows because it raises demand for goods and services. If it will stop one day, the demand will reduce and the economy won't have space to grow anymore.

[Leonora2]

For a country to be able to assert its position on the international market, look at its economic development strategy. It is the potential and the power to become a great power.

[KingdomHearts]

I don't think that there can be any limits, humanity grows and it will probably reach out to other planets etc... Global economy is just about total humanity wealth and yes, I believe that it will grow forever.

I beg to differ. There looks huge difference between economy and humanity and global economy i do not think is like total humanity. Economy is the name of the total resources that could be used to make lives convenient and raise the living standards of the people.

Humanity is rather an innate or inbuilt trait and does not have done to anything with the rise with the living standard. Having said that, it is very easy to say that humanity can keep on growing but economy can observe different types of situations. SO it is not possible for economy to grow continuously for we happen to have many phases when we talk about the growth of economy.

[dongyi17]

Economy changes from time to time depending on how it response or react to the challenges coming to it.. crisis comes everywhere to almost country and so its their economics status in terms of money, people and other related to it such as resources and people, and man power too... but for them to make it they have to be strong and have many strategies to applied with as not to be left behind

[canej]

Even theoretically, the economy cannot grow forever. All prosperous and great Nations have been destroyed. At present, neither of which the growth of the economy is not worth talking about. Now there is a strong slowdown in the development of the economy around the world.

[Benatiabayer]

Increasing technology also means that human life also develops. In order to serve the socio-economic development, people exploit and use natural resources and dispose of toxic wastes into the environment. This work is slowly destroying the environment, which provides the life for human beings. When the environment is ruined, it will affect human life and production, such as health, natural disasters, floods, droughts, and tsunamis. .. and the resources for the production life is increasingly exhausted.

[inding]

The current economy is a 10-year cycle. There will be a financial crisis in less than a decade. In the last decade, Bitcoin was born in 2008. I don't know what will happen now.

[charlincharplor83]

Is there any motivation for economic development? If each country has different economic strategies, the economy will be more diversified.

[Kapee]

Economy is bound to have an enormous growth all years over but it becomes a hindrance that most economies get depreciated growth due to poor management and adjustment of the administration in each government.

[yoseph]

Economy is bound to have an enormous growth all years over but it becomes a hindrance that most economies get depreciated growth due to poor management and adjustment of the administration in each government.

No economy is going to keep on rising forever,  their will be times when things are going to get hard for no reason at all, sometimes it will be mismanagement or it just happen. Most countries have collapsed as a result of this.

[finlandais]

It depends upon on whose hands their is  management of economy.If it is in wise hands than it will be surely grow in future.The main reason behind the growth of economy is the common people.How the ways of common people affects the economy matters alot.Cryptocurreny is  also contributing alot in economy.Their are two possibilities either it will positively affect  the economy or either negatively.

[max fray]

Few people are trying to claim ignorance. They trust that the Earth's assets are boundless and that a bean stalk can develop to the sky. Or on the other hand maybe they know somewhere down in their heart that we are making a course for an ecological and monetary fiasco, one that they think only they will get by through minds, gold, and firearms.
Others accept intensely that innovation will safeguard us out once more, that smart primates will dependably locate another apparatus that will enable us to separate always stuff from the planet.
Up until this point. Changes in horticulture, back, government, assembling and transportation kept pace with the populace development.
The advancement in technology improved economy from past many years but do you think it will grow forever or their will be reduction in resources?

Many of the Earth's resources are renewable, and the Sun's energy will for yet another several billions of years, so the humanity's task is to use as many renewable resources as possible. Economy is a rather fragile thing, it may experience ups and downs, but the general trend is the overall rise related to more effective economical relations between people.