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- W1950741437 abstract "Economic growth is generally defined as an increase in the productive capacity of a national economic system of producing national income (real output). Because the definition requires an organic link to the gross domestic product (gross national product) index and for an accurate performance it is compared with the number of inhabitants, the interpretation of the growth concept draw disputes to zero-growth and negative growth concepts (1). About the zero-growth concept we have already emphasized some lines in a previous article, in the same review (“Competition-zero-growth”, in Bulletin of University of Agricultural sciences and veterinary medicine/ Horticulture/vol.63/2006, ISSN 1454-2382, p.440). With that occasion, we showed the cost-originating mechanism of shaping the macroeconomic results. Profits also are generated by the cost/price ratio, in a permanent competition towards the largest share returning to the business (3). An important measure of the potential of growth, in order to define the welfare economy, the economy where Romania targets inside the wider convergence process, is the recorded “per capita disposable personal income”, in nominal and real terms (disposable personal income divided by the population); such index reveal similar trends for growth and development, which emphasis the necessity of watching and safeguard the entire system (2). Because the average rate flows, between high positive ones and much slower ones, we tackle the problem of efficiency and in extremis the opportunity of state domestic policies in order to guarantee the macroeconomic stability, the safety of the efficiency achievements on markets. From these remarks, the impact of the negative growth is the main concern in agriculture and in other Romanian economic branches too: lower returns will come up, all other incomes will decrease, and we will record a real compromise in the quality of life for the employed and their families. Economic shrinks re-orientate the resources more quickly and more profitable, and in this trend, rural development is expected to get helped, financed and supported from the macroeconomic managers, in the directions indicated by the market balances." @default.
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- W1950741437 date "2009-01-01" @default.
- W1950741437 modified "2023-09-28" @default.
- W1950741437 title "Negative Economic Growth in Agriculture" @default.
- W1950741437 doi "https://doi.org/10.15835/buasvmcn-hort:4415" @default.
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