what does it mean for an economy to ‘grow’?
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It’s producing more than last year.
This can manifest in a number of ways.
Maybe there’s simply more people doing exactly the same work as before.
Maybe the addition of more modern factories and technologies has made the output of existing workers more valuable.
Maybe improved shipping and infrastructure has made it possible for people to do more work in the same amount of time.
Usually it’s some combination of the these.
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