Opplæringskontoret for Indre Hordaland

Økonomisk vekst

Økonomisk vekst, or economic growth, refers to the increase in the production of goods and services in an economy over a specific period, usually measured as the percentage increase in real gross domestic product (GDP). It signifies how efficiently an economy utilizes its resources and reflects improvements in productivity, technology, and overall economic health. Economic growth is often associated with rising living standards, increased employment opportunities, and higher income levels for individuals. It can result from various factors, including capital investment, technological advancements, workforce expansion, and favorable government policies. While economic growth is a crucial indicator of economic performance, it is essential to assess it alongside other factors such as income distribution and environmental sustainability.