Meaning of the word "economic growth" in English

What does "economic growth" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economic growth

US /ˌiːkəˈnɑːmɪk ɡroʊθ/
UK /ˌiːkəˈnɑːmɪk ɡroʊθ/
"economic growth" picture

Noun

1.

the increase in the amount of goods and services produced per head of the population over a period of time

Example:
The government aims to stimulate economic growth through new policies.
Sustainable economic growth is crucial for poverty reduction.
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