Economic prosperity refers to a state of flourishing or thriving in terms of wealth and economic health. It encompasses growth in gross domestic product (GDP), higher employment rates, increased consumer spending, and overall improvements in the standard of living. During the transition from radio to television, this concept was crucial as it fueled the advertising market, drove technological advancements, and spurred increased production in the media industry.
congrats on reading the definition of economic prosperity. now let's actually learn it.