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The fast pace of technological progress lowered production costs and boosted demand, but also made it easier for new entrants to join the market.
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Digital progress lowers prices, improves quality, and brings us into a world where abundance becomes the norm.
Most advanced economies have made good progress lowering their fiscal deficits (the imbalance between spending and revenues).
In other words, although the emission-saving technological progress lowers the imputed price of CO2 and stimulates the current generation's consumption, such current prosperity may conversely worsen the descendants' utility via the resulting massive emissions.
I will say that the last eight years have been years of such remarkable economic progress and progress in lowering the crime rate and welfare reform, in significant measure because of his dedication to trying to create a better future".
Still, he rattled off statistics that pointed to progress in lowering violence.
Many parts of Africa have made great progress in lowering inflation, liberalising markets, and resuming growth.
Ireland, Portugal, Spain, and Greece have made considerable progress in lowering their unit labour costs to 1999 levels relative to Germany.
While political gains have been tenuous there has been much progress in lowering the level of violence, the report indicated.
Moreover, the egg industry has probably made some progress in lowering cholesterol content through genetic selection and improved diets.
Yet the bill passed by House Republicans last week doesn't promise much more progress on lowering caseloads, and some experts say it may do more harm than good.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com