Economic Success

Definition

Economic success refers to a country's ability to achieve sustained economic growth, improve living standards, reduce poverty, and provide opportunities for its citizens.

Related terms

GDP (Gross Domestic Product): The total value of goods and services produced within a country's borders over a specific period.

Income Inequality: The unequal distribution of income among individuals or households within a society.

Development Aid: Financial assistance provided by developed countries or international organizations to support economic development in less developed nations.