Abstract
Economic growth refers to an increase in a country’s ability to produce goods and services. The advantage of economic growth is that an increase in real national income allows more goods for consumption.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1987 R. Young
About this chapter
Cite this chapter
Young, R. (1987). Economic Growth. In: Work Out Economics GCSE. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-09348-9_20
Download citation
DOI: https://doi.org/10.1007/978-1-349-09348-9_20
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-43665-3
Online ISBN: 978-1-349-09348-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)