What are some examples of economic growth?

Natural Resources Natural resources include anything that exists in nature and which has exploitable economic value. Rate of economic growth increases on increase in quantity and quality of natural resources. read more

Some examples of economic growth are as follow: -Supply Factors. These factors affect the value of goods and services supplied in an economy. Natural Resources. Natural resources include anything that exists in nature and which has exploitable economic value. Rate of economic growth increases on increase in quantity and quality of natural resources. read more

This could happen, for example, as a result of improvements in technology (e.g., improvements in energy transmission makes the production of energy more productive). Another type of intensive growth occurs when resources are used more efficiently. For example, recycling improves the efficiency of many materials (e.g., aluminium, plastics, etc.). read more

What is 'Economic Growth' Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation. read more