What is Economic Growth?

Category: Economics

1Definition

An increase in the production of goods and services in an economy over time, typically measured by GDP growth.

2Context

The primary goal of most economic policies. Enables higher living standards and more resources for society.

3Example

China's economy grew about 10% annually for decades, lifting hundreds of millions out of poverty.

⚠Common Trap

Growth isn't always good—it can come with pollution, inequality, or unsustainable debt. Quality matters too.

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