Karthikeyan

Key Points:

• Measured by GDP (Gross Domestic Product). If GDP increases, it means economic growth.

• Causes:

  • Better technology

  • More workers

  • More investment (factories, roads, schools)

  • Skilled education/training

• Effects:

  • People earn more money

  • Better standard of living

  • Government collects more tax → builds hospitals, schools, roads

• But: Growth can also cause problems like pollution, inequality, or overuse of resources.