Economic Growth

increase of the economic resources of a country or community

Economic growth is the increase in value of the goods and services produced by an economy. It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment," which is caused by growth in aggregate demand or observed output.
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Noun
1. steady growth in the productive capacity of the economy (and so a growth of national income)
(hypernym) economic process

See growth theory.

Economic growth
(Econ) Tăng trưởng kinh tế.+ Thường để chỉ mức tăng sản lượng thực tế của SẢN PHẨM QUỐC DÂN RÒNG, mặc dù thước đo này sẽ nhạy cảm với cách tính sản phẩm quốc dân. Xem GROWTH THEORY
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