Economic growth is when a country makes more things and has more money. Imagine you have a lemonade stand, and every day you sell more cups of lemonade, that's like your economy growing! If everyone in the town starts making more lemonade, the whole town gets richer.
Examples
- A lemonade stand sells more cups every day.
- A town with more workers makes more goods.
- Better machines help people work faster.
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See also
- What is GDP?
- Why Do Some Countries Get Richer Than Others?
- What is GDP growth?
- How Do ‘Economies’ Actually Grow?
- What factors contribute to a stock market rally and economic growth?