\u2022 Economic Growth is the positive change in the indicators of the economy.<\/p>\n\n\n\n
\u2022 Economic Growth refers to the increment in the amount of goods and services produced by an economy.<\/p>\n\n\n\n
\u2022 Economic growth means an increase in real national income \/ national output.<\/p>\n\n\n\n
\u2022 It refers to an increase over time in a country\u2019s real output of goods and services (GNP) or real output per capita income.<\/p>\n\n\n\n
\u2022 Economic growth is single dimensional in nature as it only focuses on income of the people.<\/p>\n\n\n\n
\u2022 Earlier, economic growth was only measured in terms of Gross Domestic Product (GDP).<\/p>\n\n\n\n
\u2022 At present, it is measured in terms of GDP, Gross National Income (GNI) and Per Capita Income.<\/p>\n\n\n\n
\u2022 Economic Growth is the precursor and prerequisite for economic development.<\/p>\n\n\n\n
\u2022 Indicators of economic growth are GDP, GNI and per capita income.<\/p>\n\n\n\n
\u2022 Economic growth relates a gradual increase in one of the components of GDP; consumption, government spending, investment or net exports.<\/p>\n\n\n\n
\u2022 It is also considered as a traditional measure of development which indicates the quantitative rise of economy.<\/p>\n\n\n\n
\u2022 Economic growth only looks at the quantitative aspect. It brings quantitative changes in the economy.<\/p>\n\n\n\n
\u2022 Economic growth is concerned with increase in economy\u2019s output.<\/p>\n\n\n\n
\u2022 It focuses on production of goods and services.<\/p>\n\n\n\n
\u2022 Economic growth is more relevant metric for assessing progress in developed countries.<\/p>\n\n\n\n
\u2022 Economic growth is relatively narrow concept as compared to economic development.<\/p>\n\n\n\n
\u2022 It is for short term\/short period.<\/p>\n\n\n\n
\u2022 It is a material\/physical concept.<\/p>\n\n\n\n
\u2022 Economic growth is measured in certain time frame\/period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Economic growth \u2022 Economic Growth is the positive change in the indicators of the economy. \u2022 Economic Growth refers to the increment in the amount of goods and services produced by an economy. \u2022 Economic growth means an increase in real national income \/ national output. \u2022 It refers to an increase over time in […]<\/p>\n","protected":false},"author":894,"featured_media":64040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1755],"tags":[1797],"class_list":["post-64039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-important-topics","tag-upsc-daily-important-topic"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/64039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=64039"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/64039\/revisions"}],"predecessor-version":[{"id":64042,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/64039\/revisions\/64042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/64040"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=64039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=64039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=64039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}