ECONOMIC GROWTH AND ITS IMPACT ON SOCIAL EQUALITY: WORLD EXPERIENCE AND THE EXAMPLE OF AZERBAIJAN

Abstract

The problems of economic growth are extremely relevant for both individual states and the global economy as a whole. This is due to a number of important circumstances.
Economic growth is an important condition for improving socio-economic progress, the standard of living and quality of life of the population. It contributes to increasing citizens' incomes, expanding access to education, healthcare and other social benefits. Economic development also creates new 
jobs, reduces poverty and contributes to social stability. To ensure its sustainable provision, comprehensively thought-out economic policies aimed at innovative development, social justice and 
environmental sustainability are needed.
Keywords: Economic growth, global economy, education, healthcare, social stability.