INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT1 Mark
Question
What is Economic Growth?
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Answer
The increase in the total output of an economy in the long run is known as economic growth. By total output we mean that there is a continuous increase in the real national income and the real per capita income which we call as economic growth.
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