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National Interests: Priorities and Security
 

Living standards as a factor in ensuring the economic growth quality

Vol. 19, Iss. 11, NOVEMBER 2023

Received: 10 August 2023

Received in revised form: 17 September 2023

Accepted: 9 October 2023

Available online: 16 November 2023

Subject Heading: Priorities of Russia

JEL Classification: Е21, Е24, Е60, I31

Pages: 2027–2046

https://doi.org/10.24891/ni.19.11.2027

Eka R. ERMAKOVA National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation
eka-tsulaya@yandex.ru

https://orcid.org/0000-0001-8464-9605

Irina E. ILYAKOVA Moscow State University of Humanities and Economics (MSUHE), Moscow, Russian Federation
sygirina1@yandex.ru

https://orcid.org/0000-0001-9975-642X

Subject. This article examines the consumer component of economic growth.
Objectives. The article aims to substantiate the need to improve the standard of living of the population of Russia and analyze the quantitative and qualitative characteristics of the standard of living of the country's population and the pace of its economic development.
Methods. For the study, we used the general scientific research methods.
Results. The article finds that the main factor limiting Russia's economic development is the excessive inequality between the incomes of the poorest and the richest.
Conclusions. The article concludes that the investment model of socio-economic growth in Russia has not been formed. The full potential of the entrenched consumer growth model must be realized by expanding the material opportunities of low- and middle-income groups.

Keywords: economic growth, standard of living, poverty, consumption, socio-economic inequality

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