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economic growth |
Also found in: Financial, Wikipedia, Hutchinson | 0.04 sec. |
economic growthProcess 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 “real GDP”). Other measures (e.g., national income per capita, consumption per capita) are also used. The rate of economic growth is influenced by natural resources, human resources, capital resources, and technological development in the economy along with institutional structure and stability. Other factors include the level of world economic activity and the terms of trade. See also economic development. |
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| Amgen and other technology companies should help the county continue to prosper, the report said, and Watkins predicted the county's economic growth rate would be 3. Partly as a result, Africa enjoyed an overall economic growth rate fast year of 5 to 6 percent, twice that of the U. Plastic production increased 14 percent in India in 2005, outpacing the country's economic growth rate of nearly 8 percent. |
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Economic growth rate
