What is economic growth?

Economic growth is an increase in the production of good and services in an economy over time. 

FA

Related Economics A Level answers

All answers ▸

Explain the key differences between a perfectly competitive market and of that of a monopoly.


To what extent do the main macroeconomic objectives conflict?


Explain how government policies can reduce the natural rate of unemployment


A new technology revolutionises (e.g. the internet). How will the following changes affect the national economy?