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Question
What Are the Causes of Economic Growth?
What Are the Causes of Economic Growth?
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Solution
Economic growth refers to the increase in the real GDP of the country. It brings about an increase in national income and national output.
The two main causes of economic growth can be attributed to:
- Increase in aggregate demand or AD
- Increase in aggregate supply
Also read:
Aggregate Demand and Its Components
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Economic growth refers to the increase in the real GDP of the country. It brings about an increase in national income and national output.
The two main causes of economic growth can be attributed to:
- Increase in aggregate demand or AD
- Increase in aggregate supply
Also read:
Aggregate Demand and Its Components
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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