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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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There are trade-offs between equality and economic growth, and each society must strike its own balance.
The social and cultural obstacles to accelerated economic growth are immense.
Even in years when economic growth is flat or negative, electricity consumption nearly always increases.
The policies should encourage economic growth since inflation rates remain low.
Within ten years the economy was booming and it entered the age of very rapid economic growth.
If they rise because economic growth appears to be accelerating, the increase will be harmless.

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