Question

Economic progress of any country is known as ______________

Answer 1

hyyy mate here is ur answer

economic development

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Answer 2

Answer :

Economic progress of any country is known as Economic Growth .

• Economic growth is an increase in the inflation-adjusted market value of goods and services produced by the economy at one time. It is traditionally measured in terms of real gross domestic product, or gross growth in percentage in real gross domestic product.

• There is a difference between the actual and potential production of the output gap economy. It shows how much the economy can produce, and therefore additional capacity. A positive production difference represents an economy that is pulling resources and continuous.