Economic Growth
Noun
US
/ˌiːkəˈnɒmɪk ɡrəʊθ/
UK
/ˌiːkəˈnɒmɪk ɡrəʊθ/
US
/ˌiːkəˈnɒmɪk ɡrəʊθ/
UK
/ˌiːkəˈnɒmɪk ɡrəʊθ/
An increase in the production of goods and services in an economy over time.
Economists use Economic Growth to analyze market behaviour and forecast trends.
Also known as: Expansion, Growth. Closely related to GDP, Inflation.
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Economic Growth - key concept in Strategy & Economics.
Policy; Investment; Development
Applied in Strategy & Economics contexts: Policy; Investment