Growth rate
Growth rate
Growth rate (pronunciation: /ɡrəʊθ reɪt/) is a term used in various fields such as biology, economics, and demography to describe the rate at which a certain quantity or population increases over a specific period of time.
Etymology
The term "growth rate" is derived from the English words "growth", which means the process of increasing in size, and "rate", which refers to a measure, quantity, or frequency, typically one measured against some other quantity or measure.
Definition
In biology, the growth rate refers to the increase in size of an organism or population over a certain period of time. In economics, it refers to the increase in the value of a particular economic variable, typically GDP (Gross Domestic Product), over a specific period. In demography, the growth rate is used to describe the change in population size over time.
Related Terms
- Biology: The study of living organisms, divided into many specialized fields that cover their morphology, physiology, anatomy, behavior, origin, and distribution.
- Economics: The branch of knowledge concerned with the production, consumption, and transfer of wealth.
- Demography: The statistical study of populations, especially human beings.
- Gross Domestic Product (GDP): The total value of goods produced and services provided in a country during one year.
- Population: All the inhabitants of a particular town, area, or country.
See Also
External links
- Medical encyclopedia article on Growth rate
- Wikipedia's article - Growth rate
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