economic growth


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economic growth

A rise in the National Income which implies a rise in living standards.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.economic growth - steady growth in the productive capacity of the economy (and so a growth of national income)
economic process - any process affecting the production and development and management of material wealth
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The BiH Council of Ministers has adopted the Economic Trends Document - Report for 2018, which states that BiH has achieved economic growth exceeding three percent in the said period, which corresponds to the growth level from the year before.
On her Facebook page this morning, Tsai wrote: "Taiwan's economic performance is good, everyone continues to fight together." Taiwan's economic growth rate reached 2.41 percent in the second quarter, surpassing rivals South Korea (2.1 percent), Hong Kong (0.6 percent), and Singapore (0.1 percent), according to the Directorate General of Budget, Accounting, and Statistics (DGBAS).
This fiscal consolidation, however, will significantly check the economic growth rate.
The economic growth seems poor economic growth, which results in less than 5 to 4.5%.
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to closely work with private sector for exports diversification and product sophistication as lack of export diversification has remained a major hurdle to improving economic growth and coping with balance of payments crisis in Pakistan.
Of the countries of the region, the highest economic growth of 4.2 percent will be measured in Kosovo.
In case it picks up the option of economic stabilisation, the average economic growth rate by the end of the PTI government's tenure will be equal to 4.8percent that the last Pakistan Muslim League-Nawaz (PML-N) government had achieved in its five-year tenure.
In case it picks up the option of economic stabilisation, the average economic growth rate by the end of the PTI government's tenure will be equal to 4.8% that the last Pakistan Muslim League-Nawaz (PML-N) government had achieved in its five-year tenure.
The increase in the production of goods and services in a country is called economic growth. Economic growth is also defined as continues increase in per capita gross domestic product.
Given the undeniable fact labor is the very core of economic growth--used as a production factor by (market) economy, that is--, it is transparently clear labor taxes, as tools of fiscal policy, labor taxation, in general, as distinct component of fiscal policy influences economic growth to a much larger extent than economic growth itself is capable of influencing labor taxation--not to mention any other component of fiscal policy.
Head of Investment Coordinating Board (BKPM) Thomas Lembong has said investment becomes the savior of the economic growth in Indonesia.

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