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It would mean a fundamental shift in the way that companies do business in the richer world. In this Future Perspective, we examine the arguments and outline the ways in which businesses need to change their thinking if they are to succeed in a low-growth world.
The latter is the study of the economic development process particularly in low-income countries. Growth is usually calculated in real terms â i.e., inflation-adjusted terms â to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting.