Stimulate Economic Growth

Definition

Stimulating economic growth means taking actions that encourage an increase in a country's GDP (Gross Domestic Product), leading to greater productivity, job creation, and improved living standards for its citizens.

Related terms

Fiscal policy: This refers to government decisions regarding taxation and spending aimed at influencing aggregate demand and promoting economic growth.

Monetary policy: Monetary policy involves actions taken by central banks such as adjusting interest rates or controlling the money supply in order to manage inflation and promote stability within an economy.

Infrastructure investment: Investing in infrastructure projects like roads, bridges, and public transportation systems can stimulate economic growth by creating jobs and improving overall productivity.