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

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

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

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As the Stock Market became more and more successful, the United States experienced major economic growth like it had never seen before.

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