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What is meant by economic growth?

What is meant by economic growth?

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Kavungya
Refers to increase in size of a country’s national income over a given period of time which comes about due to increased productivity/ production of goods and services. By economic growth we are talking about a steady and continues increase in production of goods and services of a country. It is an increase in the GNP of a given country in a given year.
Kavungya answered the question on April 3, 2019 at 05:31

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