Select the items that describe economic growth. Unemployment is very high. Businesses make more products. Consumers spend more money. Producers earn more revenue. It is part of the economic cycle.
Economic growth refers to the upward trend in the economy of a country or a state. It is the increase in the country's produce, that is goods and services over a period of time.
Economic growth is marked by the creation of more profit for business, thus the price of stock or goods increases. As a result the rate of employment increases as the companies have more capital to invest and employ more people.
As the rate of employment increases, the level of income also increases which means the consumers will have more money to spend on buying more goods and services.
