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What is economic growth?

What is economic growth? Here are some definitions.

Noun
  1. The growth of the economic output of a country.
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This in turn will give rise to a better balance of payments and in turn to stronger economic growth.
There are trade-offs between equality and economic growth, and each society must strike its own balance.
Even in years when economic growth is flat or negative, electricity consumption nearly always increases.
We need to maintain this strong economic growth as it provides the wherewithal to address the main issues facing the country.
If economic growth continues, there are bound to be more cars spewing bad air.
On the other hand, we only had four or five years of really rapid economic growth.

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