economic growth
Definition
A positive change in the level of production of goods and services by a country over a certain period of time. Nominal growth is defined as economic growth including inflation, while real growth is nominal growth minus inflation. Economic growth is usually brought about by technological innovation and positive external forces.
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Related Terms
economic growth rate
'economic growth
' appears in the definitions of these terms on BusinessDictionary.com Global Information Infrastructure (GII), Global Information Infrastructure Commission (GIIC), sunrise industry, macroeconomics, stagflation, and 
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