Europe in the 19th Century
Economic growth refers to the increase in the production of goods and services in an economy over a specific period, typically measured by the rise in real Gross Domestic Product (GDP). This growth is a crucial aspect of industrialization, as it signifies not only improvements in productivity but also advancements in technology, infrastructure, and overall living standards within a society.
congrats on reading the definition of Economic Growth. now let's actually learn it.