| Increasing the labor force also necessarily increases the amount of output that must be consumed in order to provide for the basic subsistence of the new workers, so the new workers need to be at least productive enough to offset this and not be net consumers | Often, but not necessarily, aggregate gains in production correlate with increased average |
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| Traditionally, aggregate economic growth is measured in terms of or gross domestic product GDP , although alternative metrics are sometimes used | growth n noun: Refers to person, place, thing, quality, etc |
| That leads to an increase in , inspiring consumers to open up their wallets and buy more, which means a higher material or standard of living | |
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| Savings, investment, and specialization are the most consistent and easily controlled methods | Create a personalised content profile |
Because value is subjective, measuring for all individuals is very tricky.