ECONOMIC GROWTH

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Steady growth in the productive capacity of the economy (and so a growth of national income)

Classified under:

Nouns denoting natural processes

Hypernyms ("economic growth" is a kind of...):

economic process (any process affecting the production and development and management of material wealth, or, according to Carmine Gorga, Ph.D., author of the book 'The Economic Process', the process of production of real wealth, distribution of ownership rights over real and monetary wealth, and consumption or expenditure of monetary wealth to purchase real wealth)

Credits