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Bookmark or Share- Economic Growth | Definition, Factors, & Strategies - Finance StrategistsWhat Is Economic Growth? The term economic growth denotes growth in the production of goods and services within a particular period, commonly assessed by using indicators such as Gross Domestic Product (GDP) or Gross National Product (GNP).
- Economic growth - WikipediaEconomic growth can be defined as the increase or improvement in the inflation-adjusted economy in a financial year. [2] The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth.
- What is economic growth? | McKinsey - McKinsey & CompanyEconomic growth describes how much an entity, such as a country, is increasing and improving the goods and services it produces. Growth is good: personal growth, portfolio growth, and economic growth too.
- Economic Growth: What It Is and How It Is Measured - InvestopediaEconomic growth is an increase in the production of goods and services in an economy. Increases in capital goods, labor force, technology, and human capital can all...
- What is economic growth? And why is it so important?Bringing these definitions together and taking into account the economic literature more broadly, I suggest the following definition: Economic growth is an increase in the quantity and quality of the economic goods and services that a society produces.
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