Explain about the long-run economic growth, Business Economics

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Explain about the long-run economic growth.

Long-Run Economic Growth:

Secular or long-run growth is the continued upward trend into aggregate output per person over many decades.

A country can attain a permanent raise in the standard of living of its citizens only by long-run growth. Therefore a central concern of macroeconomics is what finds out by long-run growth.

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