Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. In economics, “economic growth” or “economic growth theory” typically refers to growth of potential output, i.e.
The Richtopian Vision
- 5 Business Lessons From the "Corporate Scapegoat" Who Lost Five-Billion Euros
- 11 Amazing Examples of Disruptive Technology
- 3 Leadership Lessons From Apollo 11’s Success and the Space Shuttle Challenger’s Failure
- 3 Reasons You Should Buy Gold (And 3 Reasons You Shouldn't)
- Workplace Culture: How to Encourage Collaboration
- Great British Pound Notes & People Who've Appeared On Them ...
- What Is Social Marketing? And How Does It Work?
- 17 Great Examples of Effective Leadership and Strategy
- What Do the Super-Rich Spend Their Money On? (Infographic Included)
Women in Leadership
Join Our Newsletter
- 3,035,773 all-time readers