Economy, asked by ritikajakhotiya, 1 year ago

Economic growth is a continous process.Explain in detail.

Answers

Answered by mubaraka83
1
A country's general economic health can be measured by looking at that country's economic growth and development. Let's take a separate look at what indicators comprise economic growth versus economic development.

For example, let's say that a special berry grows naturally only in the country of Utopia. Natives to Utopia have used this berry for many years, but recently, a wealthy German traveler discovered the berry and brought samples back to Germany. His German friends also loved the berry, so the traveler funded a large berry exporting business in Utopia. The new berry exporting business hired hundreds of Utopians to farm, harvest, wash, box and ship the berries to grocers in Germany.

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Answered by rebel59
0
economic growth is a increasing in the inflation adjusted market value of the goods services produce by economic over time it is conventionally measure percent rate of increasein real gross domestic product of real gdp
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