Defined as an increase in aggregate output of goods and services in country during a given period of time in the word of Simon kuznet, economic growth is a long term rise in the capacity to supply increasingly diversified economic goods and services to its p
opulation Some other economist defined that is a process of raising GNP of a national over long period of time. Shortly it implies to be sustained expansion in economic activities over a long period of time. Economics growth is regarded as necessary condition of economic development.
opulation Some other economist defined that is a process of raising GNP of a national over long period of time. Shortly it implies to be sustained expansion in economic activities over a long period of time. Economics growth is regarded as necessary condition of economic development. High economic growth depends upon price stability of good and services, access of transport and communication, provision of primary health and education, establishment of key industries. There are two major indicators of economic growth. They are national income and per capital income.
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