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.
Rating Newest Oldest. Best Answer: Economic growth looks exclusively at an increase in GDP. Economic development includes growth but incorporates other factors such as distribution of income. According to one economist, Dudley Seers, the purpose of development is to reduce poverty, inequality, and unemployment.est Answer: Economic growth looks exclusively at an increase in GDP. Economic development includes growth but incorporates other factors such as distribution of income.