steady growth in the productive capacity of the economy (and so a growth of national income)
Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in GDP. Economic growth refers only to the quantity of goods and services produced.
An increase in the total wealth of a nation; if population grows faster than the economy, there may be real economic growth, but the share per person may decline.
Percentage change in GDP, generally measured in terms of a calendar year.
generally reflects material wealth but economic development reflects qualitative factors including human health, environmental quality and equity (Sustainability). ...
An increase in the nation's capacity to produce goods and services.
The increase of an economy’s real output or income over time. It is frequently expressed as total or per capita gross domestic product over a period of time.
From the period of 1995 to 1999, Oregon ranked #2 in the nation in economic growth, as measured by growth in real Gross State Product and in manufacturing sector employment.
Typically refers to an increase in a country's output of goods and services. It is usually measured by changes in real GDP.
An increase in the total output of an economy. That is usually when the society acquires new resources or when society learns to produce more with existing resources, its total output increases.
The process of increasing the value of GDP on a regional, national and global level. The gradual increase in productivity has been identified as the most important driver of economic growth. ...
an upward trend in real GDP, reflecting expansion in the economy over time; it can be represented as an outward shift in the production possibilities curve (chapter 2)
Increase in the value of goods and services produced in an economy, over a given time period. For instance, growth in the American economy is calculated quarterly and annually, by using various indexes, such as estimates of gross domestic product which include measures of private consumption, ...
Increase of the total production of a country in a certain period of time.
increased production levels of goods and services. If measured in monetary terms, the increases must occur after adjustments for inflation have been made.
usually refers to annual growth in real GDP or GNP, expressed as a percentage. Real income is distinct from nominal income in that it is measured in constant money values to eliminate the effect of inflation
The increasing ability of an economy to satisfy the needs and wants of its citizens.
The transcendental process of transferring wealth from the private sector to the public sector, which puts the funds to much better use in wondrous state spending schemes. ...
generally defined as an expansion of the national output measured by the annual percentage increase in the national real GDP. It occurs when the economy realizes greater production capabilities to produce capital and consumer goods.
an increase in real GDP per capita
An economic condition where general functions of the economy such as production, trade, and consumption increases.