summer’s day. The sun is shining brightly, trees are fully clothed in green, people play on the lawn and the church tower in the background benevolently watches the scene. Everything is in perfect harmony. Trees don’t grow any more when they have reached their size, adult human beings stop growing physically, while they sustain their life for unlimited mental and spiritual growth. And even the man-made church tower has once stopped to grow after having reached its height.
In the economy however, growth has a completely different meaning. So, let us first have a look at different kinds of growth.