Economic growth refers to an increase in the total output of goods and services produced by a country's economy over a particular period of time. It is typically measured in terms of gross domestic product (GDP) and indicates the overall health and expansion of an economy. Economic growth leads to higher standards of living, increased employment opportunities, and improved public services, among other benefits.
Economic growth refers to an increase in the production and consumption of goods and services in an economy over a specific period of time. It is commonly measured by an increase in Gross Domestic Product (GDP), which measures the total value of all goods and services produced within a country's borders during a given period. Economic growth is an important indicator of a country's overall economic health and is typically associated with increased employment opportunities, higher incomes, improved standard of living, and overall advancement of the economy.
