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</html>";s:4:"text";s:12121:"                   { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }},                 "sign-up": "https://dictionary.cambridge.org/us/auth/signup?rid=READER_ID",               'min': 3.05,             dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); The invention of the microchip and the development of computer-based manufacturing and information technologies, as noted above, are good examples of the spread of incremental know-how and applications.                 pbjs.que.push(function() {                    'cap': true                    { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]},               'increment': 0.05,                         type: "cookie",                    { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, In reality, it is not possible to distinguish at the margin between the two growth processes. According to Leszek Balcerowicz, economic growth is a process of quantitative, qualitative and Although the term is often used in discussions of short-term economic performance, in the context of economic theory it generally refers to an increase in wealth over an extended period.. Growth can best be described as a …                    { bidder: 'appnexus', params: { placementId: '11653860' }},                    { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }},         var dfpSlots = {};                    { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }},             dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads());                         type: "html5",           },{ Learn more.                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }},             bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, Economic growth means an increase in real GDP – which means an increase in the value of national output/national expenditure.                     iasLog("criterion : cdo_dc = english"); Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth.                                                                             googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); An increase in the growth potential (‘supply side’) of an economy can come about in three highly interrelated ways: (a) more resources: All three inputs contribute to the growth process, but modern growth theory emphasises the critical role played by capital.                    { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, The Gross Domestic Product (GDP) of a country is the total value of all final goods and services produced within a country ov…                     },             var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build();                         partner: "uarus31" 'pa pdd  chac-sb  tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">.             bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }},                    { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, Economic growth is usually measured in terms of an increase in GROSS DOMESTIC PRODUCT (GDP) over time, or an increase in GDP per head of population to reflect its impact on living standards over time.             var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); It is …                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }},             bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }},                                             iasLog("exclusion label : wprod");                     storage: {                                             iasLog("exclusion label : resp");                    { bidder: 'appnexus', params: { placementId: '11654157' }},                    { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; But, obviously, a durable economic growth sustains human development. Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another.               'max': 8,                    { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }},                    { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]},                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }},             {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } },                    { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, Endogenous growth comes from within  the existing economic system and can arise from ‘spill-over’ effects (e.g adaptation of machinery used originally in one activity to some other industrial use), using increasingly specialized equipment, the experience curve, and from ‘freeing up’ markets (e.g. If measured in monetary terms, the increases must occur after adjustments for inflation have been made. Growth is desirable because it enables the community to consume more private goods and services, and it also.               'min': 8.50,                    { bidder: 'sovrn', params: { tagid: '446381' }},                    { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }},             {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } },             if(pl_p)                         expires: 60                    { bidder: 'sovrn', params: { tagid: '387232' }},             "noPingback": true, Keynesian economists in particular place great emphasis on the role of the ACCELERATOR in putting pressure on existing capacity and, by expanding profit opportunities, encouraging businesses to increase investment in new plant and machinery, etc.               'increment': 0.01,                    { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, The former embraces developments that emerge from outside  the existing economic system and that then impact upon it.                    { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }},                    { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Governments can stimulate the growth process by increasing current spending in the economy through taxation cuts (see FISCAL POLICY) and by increasing the money supply and reducing interest rates (see MONETARY POLICY). Economic growth creates more profit for businesses.                    { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }},                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }},             var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build();                    { bidder: 'appnexus', params: { placementId: '11654156' }},                    { bidder: 'sovrn', params: { tagid: '346688' }},                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }},                                                         googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod');          var pbTabletSlots = [                    { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Economic growth is measured by the increase in a country’s total output or real Gross Domestic Product(GDP) or Gross National Product (GNP).                    { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }},  Economic growth, the process by which a nation’s wealth increases over time. The economic growth is also the process that allows the receding of phenomena with a negative economic and social impact, like unemployment or inflation.             enableSendAllBids: false,             dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads());                 },{ The amount  of capital is determined by INVESTMENT while the effect of investment in lifting output is shown by the CAPITAL-OUTPUT RATIO.             dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); var pbHdSlots = [             {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, Economists often distinguish between ‘exogenous’ and ‘endogenous’ growth impulses. Rapid economic growth, however, can also contribute to the exhaustion of finite natural resources and exacerbate problems of environmental POLLUTION, congestion and ecological damage.                    { bidder: 'sovrn', params: { tagid: '346698' }}, the elimination of inefficient firms and monopolies, the removal of restrictive labour practices, etc.). Economic growth is the increase in the goods and services produced by an economy, typically a nation, over a long period of time. The word in the example sentence does not match the entry word. capital stock and natural resources (the basic factor inputs available to it); the efficient use of these resources so as to attain a high level of PRODUCTIVITY; the introduction of new innovative techniques and methods of production and new products.                     iasLog("criterion : cdo_ptl = entry-mcp");             dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads());                    { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }},                    { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; Add the power of Cambridge Dictionary to your website using our free search box widgets.                     { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }},             },             userSync: { The ability of an economy to produce m ore goods and services on a sustained basis depends on many factors including an increase in the quantity and quality of the labour force. Economic growth is an important macro-economic objective because it enables increased living standards, improved tax revenues and helps to create new jobs.                    { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }},             bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, ";s:7:"keyword";s:26:"economic growth definition";s:5:"links";s:6622:"<a href='https://crosscurrentcommunications.net/docs/b14002-google-search-console-enhancements-report'>Google Search Console Enhancements Report</a>,
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