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