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Economic Growth

noun

/ˌiː.kəˈnɒm.ɪk ɡrəʊθ/

Meaning

The increase in the production of goods and services in an economy over time, measured by the expansion of economic output, income, and investment.

The country's economic growth has been remarkable over the past decade.

expansion, development, progress

recession, decline, stagnation

A plan or course of action taken to achieve a particular purpose.

A group of people with a shared characteristic, usually of the same age or with a common experience.

A state of perfect happiness, peace, and freedom from suffering; in Buddhism, the ultimate goal of l...

fineness of texture or structure; a choice or expensive food; sensitivity in handling

A perfect example of a particular quality or type; the essence of something.

a very small or inadequate amount of money