Introduction: Economic growth is the percentage increase in total output of the economy at constant prices. In another way, Economic Growth is defined as the way that the real income of an economy increases over time. Such increases mean that real incomes have improved and so probably have living standards. Thus the raising of the standard of living is closely tied to Economic growth. This generally signifies that the economy is wealthier and producing more, …
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showed last 75 words of 2393 total
…http://www.bbc.co.uk/schools/gcsebitesize/sosteacher/geography/35634.shtml Accessed on 22/04/2005 4-<Tab/>John Sloman, Mark Sutcliffe, 2000, " Economics, student workbook and reader", 4th edition, Prentice Hall, pp 300. 5-<Tab/>Brian Atkinson, 1995, "Economics in the news", Addison-Wesley publishing company, pp 33 6-<Tab/>SJ Grant, 2003, "As Economics", Pearson Longman, pp 159, 261. 7-<Tab/> Michael Parkin, 2003, "Economics", sixth edition, Addison Wesley, pp 38, 39