The yardstick by which economic growth is measured is gross domestic product (GDP), which is the total annual value of all goods and services produced in a country.
There are several factors that influence economic growth. No single factor, nevertheless, consistently encourages the ideal or perfect rate of growth needed for an economy.
Unfortunately, recessions are a fact of life that can be triggered by exogenous factors like geopolitical and financial events. Politicians, international leaders, and economists have all vigorously debated the ideal growth rate and how to achieve it.
It is vital to conduct study on what causes or influences economic growth, or how economies flourish.
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