mass noun. 1  1Activity engaged in for enjoyment and recreation, especially by children. âa child at play may use a stick as an aeroplaneâ. 2  2The conducting of a sporting match. ârain wrecked the second day's playâ. 3  3count noun A dramatic work for the stage or to be broadcast. âthe actors put on a new playâ.
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms.
Tweet. Real Economic Growth Rate is the rate at which a nation's Gross Domestic product (GDP) changes/grows from one year to another. Definition: Real Economic Growth Rate is the rate at which a nation's Gross Domestic product (GDP) changes/grows from one year to another. GDP is the market value of all the goods and services produced in a country in a particular time period.