Economic Growth and Poverty Reduction

Economic growth refers to an increase in a country's production of goods and services, usually measured by Gross Domestic Product (GDP). When an economy grows, it can create more jobs and increase incomes, which often helps lift people out of poverty. Poverty reduction occurs when strategies and policies, such as improving education and healthcare, are implemented alongside growth. When individuals gain better opportunities and resources, they can improve their living standards. Ultimately, sustainable economic growth can lead to long-term poverty alleviation, benefiting society as a whole.