Economic Growth
Definition
The increase in an economy's production output over time; often measured by changes in Gross Domestic Product (GDP).
Related terms
Fiscal Policy: Government policies related to taxation and spending aimed at influencing the overall state of the economy.
Monetary Policy: Actions taken by a nation's central bank to control the supply of money and credit in order to stabilize the economy.
Productivity: The efficiency with which inputs (such as labor and capital) are used in producing goods or services.
"Economic Growth" appears in:
Subjects (9)
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