How does an economy ‘grow’?

Question

Is it basically the average person spent £100 last month, and £105 this month so the economy grey 5%?

In: Economics

Answer 1

ELI5: How does the economy “grow”? Where does the new money comes from?
byu/Wrestle4Ever inexplainlikeimfive

eli5 How do economies grow? Who grows them?
byu/Internetscraperds9 inexplainlikeimfive

ELI5:How does an economy grow?
byu/secondnameIA inexplainlikeimfive

ELI5 how does the economy grow?
byu/BobHawke1983 inexplainlikeimfive

eli5: How does an economy grow if the money supply doesnt increase in that same year? In gold standard suppose, gold reserves are not increased but economy still manages to grow. How is that possible, how is an economy growing on a stable money supply?
byu/OnlyKsw7 inexplainlikeimfive

etc.