INTRODUCTION For any country to survive compared to another developed country, it must be able to grow and sustain a healthy and thriving economy. This document is designed to provide a detailed view of economic growth and the sectors that influence economic growth. A country's economic growth is essential for poverty reduction, without such reduction; poverty would continue to increase, so economic growth is inevitable. Through economic growth, it also helps in reducing the unemployment rate and also helps in reducing the budget deficit of the government. Economic growth can also encourage better standards of living for all its citizens because with economic growth there are improvements in the public sector, educational and healthcare facilities. Through economic growth social spending can be increased even without an increase in taxes. What makes economic growth so attractive is that it allows a country to do much more than it is financially capable of to date; through economic growth a country can also help reduce the country's deficit. To date the Bahamian government has invested millions of dollars into the economy such as new roads and highways, schools, hospitals, hotels etc. If an economy makes an investment it is to improve and encourage growth within its economy. In my opinion economic growth is beneficial to any economy, although there are a number of obstacles that must be overcome to truly perceive and see economic growth. This research paper is intended to enable a better understanding of economic growth and how the Bahamas has grown and the investments they have made to support economic development. Economic growth According to the exploration of economies, eco...... middle of paper. .....adequate investments in human capital• Weaknesses in promoting and supporting entrepreneurship• Economic and social costs resulting from high levels of income inequality and• Excessive debt• ProtectionismWorks citedInternational Monetary Fund World Economic Database. (2013, October). Retrieved from http://www.imf.org/external/pubs/ft/weo/2013/02/weodata/weorept.aspx?sy=2005&ey=2013&ssm=1&scsm=1&ssd=1&sort=country&ds=.&br=1&c=313&s =NGDP_R&grp=0&a=&pr1.x=50&pr1.y=18Koba, M. (2011, November 3). Gross Domestic Product: CNBC explains it. Retrieved from CNBC: EXPLANATIONS: http://www.cnbc.com/id/44505017Riley, G. (2012, September 23). Tutor2u. Retrieved from http://www.tutor2u.net/economics/revision-notes/as-macro-economic-growth.htmlYarra Rangers Shire Ashlars, . (2012, 04 05). Retrieved from Yarra Ranges Shire Council: vic.gov.au/Business/What_is_Economic_Development