Economic Factors

A minimum target of economic growth in Australia has been set at 5% per annum growth in G.N.P. at constant prices (Vernon Committee). 2. The core of the problem of sustaining steady growth at this or a similar rate is to ensure regular flows of investment. This sustains productivity, helps to control balance of payments pressures, and to check inflation. 3. The regular intake of human and physical resources, in conjunction with intensive capital development involving finance, technology and management, is basic to sustaining the growth rate and ensuring rising standards of living.