Define economic growth

      

Define economic growth

  

Answers


Victor
This is the increase in the productivity of a country which can be seen in the continued increase in the national income over a period of years.

It can be measured by taking the average percentage of increase in national income over a period of time (number of years) and be assumed to be the average rate of economic growth in the country

Vicky001 answered the question on September 24, 2017 at 20:16


Next: What are the benefits that a consumer gets from warehousing?
Previous: What is Economic Development?

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions