The influence of economic growth on the level and quality of the population’s life

This article reveals economic components that influence on the quality of the population’s life. There were analyzed the internal structure of economic growth and factors modifying it. There are described basic economic factors contributing to the development of economic growth in the period of society development. There were investigated theories and concepts of well-known scientists such as. J.M. Keynes, V. Leontiev, A. Marshall, J. Mincer, A. Pitou, P. Samuelson, R. Solow, S. Fisher, M. Fridman, E. Hansen. The advantage of this research is involvement of statistical materials on the dynamics of economic growth over the past decade, and also logical structuring and grouping of the main issues related to dynamics and changes in the structure of quality of life, which allowed analyzing a fairly extensive statistical material. Based on this analysis, authors identified the main economic components of economic growth and the phenomena that contribute to its stability. This problem is given considerable attention, because its study brings researchers closer to understanding the subjective components that lead to improvement in the quality of the population’s life. Having carefully studied the main factors that activate development components of the quality of life during the economic transformation of society, authors conclude that processes of industrialization, urbanization, changes in economic structure have had a significant impact on the structure and activity of economic processes. This is probably due to the fact that minimal changes in the economic process at this stage of its development have led to a significant change in the internal components of economic growth.