what is the meaning of economic growth and business
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Explanation:
Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. ... Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.
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Answer:
Economic growth- Economic growth can be defined as an increase in the capacity of an economy to produce goods and services . It is measured at certain time intervals . Growth is usually calculated in real terms i.e. inflation-adjusted terms to avoid the distorting effect of inflation on prices . Conventionally it is measured as a percentage rate of increase in real Gross Domestic Product (GDP) , usually in per capita terms .
Business- A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities
Explanation:
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