economic growth


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.

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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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