list some points about the economic growth
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Economic growth can be defined as the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.
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Six Factors That Affect Economic Growth
Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...
Physical Capital or Infrastructure. ...
Population or Labor. ...
Human Capital. ...
Technology. ...
Law.
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