Definitions for economic growth
eco·nomic growth

Princeton's WordNetRate this definition:0.0 / 0 votes

1. economic growthnoun

   steady growth in the productive capacity of the economy (and so a growth of national income)

WiktionaryRate this definition:0.0 / 0 votes

1. economic growthnoun

   The growth of the economic output of a country.

ChatGPTRate this definition:0.0 / 0 votes

1. economic growth

   Economic growth refers to the increase or improvement in the market value of goods and services produced by an economy overtime, typically measured using gross domestic product (GDP). It is usually associated with technological advancements, capital investment, increased productivity, and population growth and is seen as a positive development since it indicates a stronger and healthier economy.

WikidataRate this definition:2.0 / 1 vote

1. Economic growth

   Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic aspects of the development process in low-income countries. See also Economic development. Since economic growth is measured as the annual percent change of gross domestic product, it has all the advantages and drawbacks of that measure.

Matched Categories

1. • Economic Process

How to pronounce economic growth?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

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   Indian

   Priya

   Indian

   Neerja

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   Zira

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   Oliver

   British

   Wendy

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   Tessa

   South African

How to say economic growth in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of economic growth in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of economic growth in Pythagorean Numerology is: 6

Examples of economic growth in a Sentence

1. The Bundesbank:

   The adjustment to expected price developments largely reflects the renewed downturn in crude oil prices, which had not been expected in June, downside risks to economic growth would arise if the current sluggish dynamics in a number of emerging market economies were to worsen.

2. Tamas Varga:

   Markets are worried that a Greek debt default could hit European economic growth and thus fuel demand, capital controls are not bullish for the economy, and not bullish for oil. How much can you spend on gasoline if you can't withdraw more than 60 euros a day?

3. Commerce President Tom Donohue:

   TPA is critical because economic growth and job creation at home depend on our ability to sell American goods and services overseas.

4. Japanese Finance Minister Taro Aso:

   Despite the expected improvement in global economic growth, if economic slowdowns in major economies feed into other economies, the prospects for growth might deteriorate, bringing uncertainty across the entire global economy.

5. Noam Chomsky:

   Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=economic growth
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Economic_Growth
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=economic growth