Share this site with del.icio.us Share this site with digg Share this site with reddit Share this site with technorati Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





economic growth

Definition

Increase in a country's productive capacity, as measured by comparing gross national product (GNP) in an year with the GNP in the previous year. Increase in the capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth. In recent years, the idea of 'sustainable development' has brought in additional factors such as environmentally sound processes that must be taken into account in growing an economy.

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z