For example, some inexpensive mowers are designed to have a service life of 200 or fewer hours while pricier mowers typically are designed to last 500 or more hours. Therefore, a lawnmowerâs life expectancy can be based on how often and how long it is used.
exponential growth. Increase in number or size, at a constantly growing rate. It is one possible result of a reinforcing feedback loop that makes a population or system grow (escalate) by increasingly higher amounts. Compound interest is an example of exponential growth. Use 'exponential growth' in a Sentence.
Economic Growth. Loading the player... What is 'Economic Growth'. Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.