Public Policy and Business
Economic growth refers to the increase in the production of goods and services in an economy over a specific period, typically measured by the rise in real Gross Domestic Product (GDP). This growth can be driven by various factors, including technological advancements, increases in capital investment, and improvements in labor productivity. It is closely linked to business decisions, which can be influenced by tax incentives, as well as globalization and trade policies that impact how countries interact economically.
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