“…The well-known British economist and priest Malthus (Thomas Robert Malthus) linked the growth and 1 Slavoljub Vujović, Senior research associate, Institute of economics, Kralja Milana street N°16, Belgrade, Serbia, Phone: +38163 365101, E-mail: kelovic1967@yahoo.com, ORCID ID (https://orcid.org/0000-0002-0686-3486) 2 Dušica Cvijanović, MA, Elementary school "Vožd Karađorđe" Jakovo, Boljevačka br. 2, 11276 Jakovo, Serbia, Phone +381 63 78 17 240; Email: dusicanikolic14@gmail.com., ORCID ID (https://orcid.org/0000-0002-5220-465X) 3 Nenad Vujic, Research associate, Institute of economics, Kralja Milana street N°16, Belgrade, Serbia, Phone: , E-mail: nenadvujicvuja@mts.rs, ORCID ID (https://orcid.org/0000-…”