--- title: "Meaning & Key Takeaway of: A country's economic growth may be…" description: "\"A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growin..." image: "https://sms4smile.com/quotes/i/80a/simon-kuznets-34261_country_a-country-s-economic-growth-may-be-defin_2505205.jpg" --- # A country's economic growth may be defined as a long-term… ![“A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.” quote by Simon Kuznets](https://sms4smile.com/quotes/i/80a/simon-kuznets-34261_country_a-country-s-economic-growth-may-be-defin_2505205.jpg) [Download](https://sms4smile.com/quotes/i/80a/simon-kuznets-34261_country_a-country-s-economic-growth-may-be-defin_2505205.jpg) [Open image](https://sms4smile.com/quotes/i/80a/simon-kuznets-34261_country_a-country-s-economic-growth-may-be-defin_2505205.jpg) > “A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.” [Simon Kuznets](https://sms4smile.com/quotes/author/simon-kuznets/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth is a sustained increase in a nation's ability to produce a wider range of goods, driven by technology and institutional change. **In simple terms:** Growth means producing more varied goods over time. Key Takeaway Invest in technology and institutions. Themes economics development technology institutions growth Mood analytical optimistic Type economic policy When to use this quote - government planning - business strategy - education reform - infrastructure projects Key Concepts GDP capacity building innovation policy reform Questions to Reflect On - How can policy ensure inclusive growth? - What role does technology play in societal change? A Different Perspective Growth can be uneven and may increase inequality. ★ ★ ★ ★ ★ No ratings yet [Country](https://sms4smile.com/quotes/about/country/) [Country Economic](https://sms4smile.com/quotes/about/country-economic-1101529/) [Economic growth](https://sms4smile.com/quotes/about/economic-growth/) [Economics](https://sms4smile.com/quotes/about/economics/) [Growing Capacity](https://sms4smile.com/quotes/about/growing-capacity-1101527/) [Growth](https://sms4smile.com/quotes/about/growth/) [Growth Defined](https://sms4smile.com/quotes/about/growth-defined-1101528/) [Rise](https://sms4smile.com/quotes/about/rise/) [Technology](https://sms4smile.com/quotes/about/technology/) ## Related quotes > [“A child's growth is defined entirely by the adult that raises him.”](https://sms4smile.com/quotes/naoki-urasawa/a-child-s-growth-is-defined-entirely-by-the-adult-that-raises-him/) [Naoki Urasawa](https://sms4smile.com/quotes/author/naoki-urasawa/) > [It may be a truism that the country cannot be strong abroad unless it is strong at home, but it's also a fact that…](https://sms4smile.com/quotes/bret-stephens/it-may-be-a-truism-that-the-country-cannot-be-strong-abroad-unless-it/) [Bret Stephens](https://sms4smile.com/quotes/author/bret-stephens/) > [Over the last 10 years, India's perception has gone from being a beggar country to an economic superpower.](https://sms4smile.com/quotes/vivek-wadhwa/over-the-last-10-years-india-s-perception-has-gone-from-being-a/) [Vivek Wadhwa](https://sms4smile.com/quotes/author/vivek-wadhwa/) > [We have in-depth knowledge about Chinese industries. 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I had always…](https://sms4smile.com/quotes/bill-bryson/it-seems-madness-to-think-that-a-society-would-rate-marginal-economic/) [Bill Bryson](https://sms4smile.com/quotes/author/bill-bryson/) > [“For their never-ending endeavours to obtain or retain wealth, countries desperately need companies, because they—unlike most human beings—have the means of production, and human…](https://sms4smile.com/quotes/mokokoma-mokhonoana/for-their-never-ending-endeavours-to-obtain-or-retain-wealth/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…](https://sms4smile.com/quotes/martin-feldstein/in-short-both-experience-and-economic-theory-imply-that-the-us-could/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [Advances in technology will continue to reach far into every sector of our economy. 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