Define economic growth. economic growth synonyms, economic growth pronunciation, economic growth translation, English dictionary definition of economic growth. A rise in the National Income which implies a rise in living standards. Dictionary of Unfamili
An economic cycle is the circular movement of an economy as it moves from expansion tocontractionand back again. Economic expansion is characterized by growth and contraction, including recession, a decline in economic activity that can last several months. Four stages characterize the economic cycle ...
Physical capital may include additions in equipment, machines, or buildings. It leads to larger amounts of capital per worker, which results in increased productivity. The accumulation of physical capital is fundamental to economic growth and important in all areas of the economy, from a factory t...
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period.
economic growth.A definition of the term "economic growth" is presented. It refers to an increase in the national income of a country created by the long-term productive potential of its economy.EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
Businessman keeping the growth in economy (© Elnur / Fotolia.com)A healthy gross domestic product (GDP) growth rate is considered to be one that is sustainable so that they economy can remain in the growth phase for as long as possible. Several countries are exhibiting extremely healthy ...
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Learn about the benefits of sustainable economic growth. Explore the barriers to economic sustainability and how businesses can promote economic...
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A variation on this argument is the question of how a government may intervene to determine the distribution of output between those types of expenditure that contribute to growth and those that lead to the immediate satisfaction ofconsumer demand. Here the choice lies between business investment, ...