Growth Rate

Growth rate is a way to measure how much something increases over a specific period of time, usually expressed as a percentage. For example, if a company's sales were $100,000 last year and $110,000 this year, the growth rate is 10%. It provides a clear picture of progress, whether in business, population, or other areas, allowing for comparison across different periods or entities. A higher growth rate indicates faster expansion, while a lower or negative rate suggests slow growth or decline.