What are the Merits of growth oriented definition of economics?

The growth-oriented definition of economics emphasizes the importance of increasing production and consumption, which can lead to improved living standards and overall societal welfare. It encourages innovation, investment, and efficiency, fostering an environment conducive to economic development. Additionally, this approach can enhance job creation and reduce poverty by stimulating economic activity. However, it is essential to balance growth with sustainability and equity to ensure long-term benefits for all.