Economic Growth
📈 Investing
Quick Definition
Economic growth refers to the increase in the production of economic goods and services, compared from one period of time to another.
Examples
- 1A country's GDP increasing year over year.
- 2Improvements in a nation's infrastructure leading to more efficient production and higher output.
- 3Rising personal incomes as a result of more job opportunities and higher wages.
- 4Technological advancements that lead to new industries and more efficient existing industries.
Tags
economyGDPgrowthinvestmentproductiondevelopment
Related Terms
Other terms you might find helpful
Fiscal Policy
Fiscal policy refers to the government's use of spending and taxation to influence the economy.
Inflation
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
Monetary Policy
Monetary policy refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.
Quick Info
Category:Investing
Difficulty:intermediate
Last Updated:6/19/2025