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

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   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. Zhang Liqun:

   This shows stabilisation in economic growth.

2. Jose Graziano da Silva:

   Economic growth alone does not solve the problem of hunger.

3. Van Beurden:

   The theory also ignores the reality of our industry and as a matter of fact it actually risks distraction from the real issues around energy transition needs, if there will be no further investments in oil production, the gap between supply and demand could be 70 million barrels per day by 2040 ... we will need sustained and substantial investment just to meet the demand to fuel economic growth especially in the developing world.

4. Zhou Hao:

   Many traditionally reliable indicators such as power output and rail freight have shown a serious deviation from GDP growth, nobody knows what's the real economic growth.

5. David Carter:

   Markets had a very strong April as they looked through the valley of economic weakness to a point when stimulus will reignite economic growth, but it could be a longer and deeper valley than many hoped.

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