asked 948 views
1 vote
Economic growth is a

in the nation's production of goods and services.
one-time increase
continual increase
continual decrease
NEXTQUESTION
ASKOR HELP

asked
User Atrljoe
by
8.5k points

1 Answer

6 votes

Economic growth is a Continual increase in the nation's production of goods and services

Step-by-step explanation:

The meaning of the term economic growth is increase in the capacity of the economy to grow more goods and services. And to utilise the resources in a more efficient and effective way which reduces the wastage of the resources to the minimal.

And also produces the goods with the best method leading to the reduction of the cost of production of these goods and services. All this leads to the growth of the economy and reach better heights and have better opportunities for the people.

answered
User CrunchyTopping
by
8.2k points