A sustained increase in the production of goods and service in a country is called economic?
Answer Details
A sustained increase in the production of goods and services in a country is called economic growth. It refers to the increase in the real output of an economy over a period of time. Economic growth is measured by the percentage increase in real GDP (Gross Domestic Product), which is the value of all goods and services produced in a country adjusted for inflation. Economic growth is important for a country as it leads to increased employment opportunities, higher incomes, and a better standard of living for the people.