Economic growth and social progress as fundamental indicators of a developing society


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Xanlar Zadə S.

Economic and Social Development 55th International Scientific Conference on Economic and Social Development Development, vol.8, no.Vol. 2/4, pp.339-346, 2020 (Conference Book)

Qısa məlumat

The article proves that economic growth and social progress are essential features of any dynamically developing society. Economy in terms of growth of production has a greater ability to meet the needs of society, better adapted to the socio-economic problems. Economic growth is a prerequisite for the achievement of goals.

In terms of qualitatively and quantitatively increasing globalization of economic growth in the national economy becomes an important factor in ensuring the country's competitiveness in the world economy. Therefore, the implementation of any model of economic growth is impossible without the active position of the state.

In a real process of economic and social development of the events line up in such a way that the resources of the state and its economic policies have become leading factors of economic growth. The status of the state in modern conditions should represent and Express the public interest, the interests of the country as a whole. Only in such circumstances in the economy is the balance of public and private interests in which the freedom of satisfaction of private interest limited to just one – the interests of society as a whole.

Economic growth of national economy will promote the economic security of the country. Economic growth creates the conditions for solving the problem of limited resources allows to predict the prospects of development of society, contributes to social progress, in connection with which the investigated subject is of special relevance.