Economy, asked by chand123, 1 year ago

what is economice growth

Answers

Answered by KartikSharma13
3
Economic growth is the increase in the 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.

Of more importance is the growth of the ratio of GDP to population (GDP per capita), which is also called per capita income.

An increase in per capita income is referred to as intensive growth.

Answered by S4MAEL
3
hii there,
●definition. Economic growth is the increase in the goods and services produced by an economy, typically a nation, over a long period of time. It is measured as percentage increase in real gross domestic product (GDP) which is gross domestic product (GDP) adjusted for inflation.

●i hope it help you

thnx for this nice question

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