economic growth
DefinitionA 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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economic growth is ...
... part of the Economy subject.
... part of the Economy subject.
Related Terms
business cycle, easy monetary policy, fiscal policy, loose credit, stagnation, unbalanced growth, Federal Unemployment Tax Act, traditional economy, ISM manufacturing index, boom and bust cycle
economic growth appears in these other terms
real economic growth rate
economic growth appears in the definitions of these other terms on BusinessDictionary.com
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