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economic growth |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.10 sec. |
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Economic growth An increase in the nation's capacity to produce goods and services. Usually refers to real GDP growth.
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We are seeing very low population growth and very strong economic growth in Ventura County," said Bill Watkins, executive director of the UCSB Economic Forecast Project and a former research economist at the Federal Reserve. Governor Jon Corzine has named Mark Yeager, president of the National Association of Industrial and Office Properties, New Jersey Chapter (NJ-NAIOP), to his newly created Economic Growth Council. economic growth as currently measured is not sustainable, because the stocks of natural and environmental resources that ultimately determine economic growth are unsustainable. |
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