Financial Dictionary
Investment Word
Atlantic Financial
Atlantic Financial
Investment Word
Economic Growth
Economic growth is 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.
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