economic growth

**economic growth**

Economic growth refers to the increase in the production of goods and services in an economy over a period of time. It is typically measured by the rise in real Gross Domestic Product (GDP) and is a key indicator of a country’s economic health and prosperity. Economic growth can result from improvements in productivity, technological advancements, increased capital investment, and a growing labor force. Understanding economic growth is essential for analyzing trends in wealth, employment, and living standards.