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.

Use economic growth in a sentence

While economies of developing countries can be volatile, they often see a higher rate of economic growth than industrialized nations.

​ Was this Helpful? YES  NO 15 people found this helpful.

You should try and figure out how the economic growth of your community will change things and capitilize on it.

​ Was this Helpful? YES  NO 12 people found this helpful.

The rate of economic growth was really impressive to me and I let everyone know how amazing it was to see such growth.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Little Dragons retail industry ETF