Economic Growth

Economic Growth
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation. For comparing one country's economic growth to another, GDP or GNP per capita should be used as these take into account population differences between countries.

Economic growth is usually associated with technological changes. An example is the large growth in the U.S. economy during the introduction of the Internet and the technology that it brought to U.S. industry as a whole. The growth of an economy is thought of not only as an increase in productive capacity but also as an improvement in the quality of life to the people of that economy.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Economic growth — economic growth …   Dictionary of sociology

  • Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …   Wikipedia

  • economic growth — Process by which a nation s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or… …   Universalium

  • economic growth — An increase in the nation s capacity to produce goods and services. Usually refers to real GDP growth. Bloomberg Financial Dictionary * * * economic growth economic growth ➔ growth * * * economic growth UK US noun [U] ECONOMICS ► an increase in… …   Financial and business terms

  • economic growth — The growth of national income, or the output of goods and services per head of population, with output conventionally measured by the Gross National Product (GNP). The alternative term economic development is often used in relation to Third World …   Dictionary of sociology

  • economic growth — noun The growth of the economic output of a country. As a result of inward investment Eire enjoyed substantial economic growth. Ant: negative growth …   Wiktionary

  • economic growth — The expansion of the output of an economy, usually expressed in terms of the increase of national income. Nations experience different rates of economic growth mainly because of differences in population growth, investment, and technical progress …   Big dictionary of business and management

  • Economic Growth Rate — A measure of economic growth from one period to another in percentage terms. This measure does not adjust for inflation, it is expressed in nominal terms. In practice, it is a measure of the rate of change that a nation s gross domestic product… …   Investment dictionary

  • Economic Growth and Tax Relief Reconciliation Act of 2001 — The Economic Growth and Tax Relief Reconciliation Act of 2001 (USPL|107|16, USStat|115|38, June 72001), was a sweeping piece of tax legislation in the United States. It is commonly known by its abbreviation EGTRRA, often pronounced egg tra or egg …   Wikipedia

  • Economic Growth and Regulatory Paperwork Reduction Act — The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (or EGRPRA) is a United States federal law that requires the Federal Financial Institutions Examination Council and its member agencies to review their regulations at least once… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”