Economic growth is the

Economic growth is the rate of increase in a country's full employment and real output. In simple terms, economic growth refers to an increase in the production of goods and services in an economy over time. It is usually measured by the change in real Gross Domestic Product (GDP) or Gross National Product (GNP) over a given period. Full employment refers to a situation where there is no cyclical unemployment in an economy, meaning that everyone who is willing and able to work can find a job. Real output, on the other hand, refers to the total amount of goods and services produced in an economy adjusted for inflation. Therefore, when a country experiences economic growth, it means that there is an increase in the number of goods and services produced in the country and more people are employed, which leads to higher incomes and a better standard of living. Economic growth is generally considered a positive development as it leads to an increase in a country's overall economic welfare.