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The factors that influence Romania’s economical growth

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  • Irina Elena VOICA

    (Constatin Brancusi University of Targu Jiu, Romania)

Abstract

The history of the world’s economical development demonstrate that, in all times, the welfare of an nation was generated by the gross internal product’s level, which represents “the gross value of the final production of goods and services produced, in a specific period of time, by the economical agents which activates between the national borders”. The economical grow process is a complex process of increasing the national economy results, based on the combination and the using of the production direct factors: the work force, the fix capital and the consumption of floating material goods. The economical grow is desirable in any country because it gives to population the possibility to consume more goods and services and in the same time it contribute to the insurance of a big quantity of goods and social services, like health, education etc., generating in this way a real grow of the life quality.

Suggested Citation

  • Irina Elena VOICA, 2009. "The factors that influence Romania’s economical growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 391-398, December.
  • Handle: RePEc:cbu:jrnlec:y:2009:v:3:p:391-398
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    Keywords

    the economical growth; labor; population;

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