The essence of economic growth in modern conditions

The article reveals the main theoretical aspects of the essence of economic growth in modern conditions. The study examines an attempt to find a way out of the problems of differentiating between endogenous and exogenous types of economic growth. The study of detailed aspects includes the issues of transition from one type to other types of macroeconomic research, in the event that this analysis is performed on a specific state, its national economy. This thesis fully applies to the modern Russian Federation. Gave the author’s definition of economic growth, determining that this is a large-scale complex change of the system, which is achieved by progressive changes in the factors of functioning, leading to an increase in national wealth. Economic growth is one of the main problems facing many countries. According to the development trends of the economies of many states, it is possible to consider the standard of living of the population, how problems of limited resources are solved...