Economic Growth

Economic growth means an increase in the amount of goods and services an economy produces over time. In simple terms, it means the economy is getting bigger. Economic growth matters because it can lead to more jobs, higher incomes, stronger businesses, and better living standards. When an economy grows steadily, people and companies usually have more opportunities. For example, if factories produce more goods, restaurants serve more customers, and technology companies sell more services, the economy may be growing. Economic growth does not mean everyone benefits equally. An economy can grow overall, but some workers, families, or regions may still struggle.