Economic growth is the progressive augmentation in the production and utilisation of commodities and services within an economy as time progresses. A country's Gross Domestic Product (GDP) growth rate is frequently used as a measure. Economic growth is a measurable factor that emphasises the enlargement of an economy's production and signifies a rise in the overall economic activity. Various sources, including augmented investment, technical progress, enhanced productivity, and population expansion can propel economic growth. Although economic growth is a vital measure of a country's success, it does not automatically ensure enhancements in quality of life, income equality, or general welfare.
