Editing Capitalism (section)

=== Economic growth ===
{{further|Economic growth}}
{{expand section|date=January 2021}}

[[Economic growth]] is a characteristic tendency of capitalist economies.<ref name=joff>{{cite journal|title=The root cause of economic growth under capitalism |journal=[[Cambridge Journal of Economics]] |year=2011 |issue=5 |pages=873–896 |first=Michael |last=Joff |volume=35 |quote=The tendency for capitalist economies to grow is one of their most characteristic properties. |doi=10.1093/cje/beq054}}</ref><ref>{{cite book |last1=Baumol |first1=William J. |title=The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism |date=2004 |publisher=[[Princeton University Press]] |location=Princeton |isbn=9780691116303}}</ref> However, capitalist economies may experience fluctuations in growth that cannot be accounted for by demographic or technological changes. These fluctuations, which involve sustained periods of economic growth and recession, are referred to as business cycles in macroeconomics. Economic growth is measured as growth in investment, economic output, and economic consumption per capita. Changes in hours of employment on their own are not considered as a factor of economic growth.<ref name = "HP"/>