Written by the Fiveable Content Team • Last updated September 2025
Verified for the 2026 exam
Verified for the 2026 exam•Written by the Fiveable Content Team • Last updated September 2025
Definition
Economic success refers to a country's ability to achieve sustained economic growth, improve living standards, reduce poverty, and provide opportunities for its citizens.
Related terms
GDP (Gross Domestic Product): The total value of goods and services produced within a country's borders over a specific period.
Income Inequality: The unequal distribution of income among individuals or households within a society.
Development Aid: Financial assistance provided by developed countries or international organizations to support economic development in less developed nations.