The major objective of economic growth is to?

The major objective of economic growth is to increase real per capita income. Economic growth refers to an increase in the production and consumption of goods and services in an economy over a period of time. The ultimate goal of economic growth is to improve the standard of living of people by increasing the availability of goods and services, and the purchasing power of individuals. When an economy grows, it produces more goods and services, which leads to an increase in the income of individuals. As the income of people increases, they are able to consume more goods and services, leading to a higher standard of living. Therefore, the main objective of economic growth is to increase real per capita income, which is the total income of an economy divided by the population. This is because a higher per capita income means that people have more money to spend on goods and services, which improves their standard of living.