Explanation: A term coming from the life sciences, ‘growth’ in economics means economic growth. An increase in economic variables over a period is economic growth.

• The term can be used in an individual case or in the case of an economy or for the whole world. The most important aspect of growth is its quantifiability, e., one can measure it in absolute terms.
• Though growth is a value neutral term, i.e., it might be positive or negative for an economy for a specific period, we generally use it in the positive sense.
• If economists say an economy is growing it means the economy is having a positive growth otherwise, they use the term ‘negative growth’.

Source: Ramesh Singh