By: on October 11, 2020
Economic growth means an increase in real Gross Domestic Product (GDP). This represents an increase in the value of national output, income and expenditure.Essentially, the benefit of economic growth is higher living standards, higher real incomes and the ability to devote more resources to areas like healthcare and education, two crucial areas in need of development in Nigeria.With higher output and positive economic growth, firms tend to employ more workers, creating more employment. Higher ec...
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