Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e.
All stories in Economic growth
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7 most common data visualization mistakes
In dataviz, as in any other field, there are rules, best practices, guidelines and then there is common sense. And contrary ...
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Amazon launches a Hindi site to lure India's next 100 million online shoppers
With a view to make Amazon the ultimate shopping destination for the next 100 million Indians, the company has launched a ...
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Tesla’s woes unlikely to end soon, but startups can take a cue
“Funding secured.” When Tesla founder and CEO Elon Musk tweeted the above statement early August, it kickstarted a ...
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How an employee screw-up made my company better at employee retention
In order to keep a start-up company’s momentum going, you have to be proactive and creative in retaining employees -- since ...
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Why CEOs that say ‘no’ are good for growth
It’s no surprise that life as a startup CEO can be brutally exhausting, with long, grueling workweeks, constant stress, ...
