What is Economic Growth?
Subject: Geography | Topics:

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.

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