Economic growth is an increase in the capacity of a country to provide people with goods and services. Must have more people (producers and consumers) and more production and/or consumption per person. Apply gross domestic product (GDP) and per capita GDP in determining economic growth. Gross domestic product (GDP)- a way to measure the economic growth Encompasses the annual market value of all goods and services produced, foreign and domestic, operating within a country.
More Post
Latest Post
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant
-
Flyback Transformer (FBT)