Economic growth is measured by an increase in the production of goods and services from "summary" of Economics for Beginners by Andy Prentice,Lara Bryan
Economic growth is essentially a measure of how well an economy is doing. When we talk about economic growth, we are looking at the overall increase in the production of goods and services within a country. This can be measured in a number of different ways, including looking at the Gross Domestic Product (GDP) of a country. An increase in the production of goods and services means that more things are being made and provided to consumers. This is a positive sign for the economy, as it indicates that businesses are doing well a...
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