Explain the meaning of growth and its measures. Discuss the stages of growth and challenges faced by the entrepreneurs. 

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 Growth refers to an increase in the size, output, or revenue of a business, economy, or other entity over a given period of time. Growth is often seen as a desirable outcome and is considered an indicator of success and prosperity.

There are several ways to measure growth, including:

1. Gross Domestic Product (GDP): GDP is a measure of the economic output of a country. It is calculated as the total value of goods and services produced in a given period of time. GDP growth is used as an indicator of the overall health of the economy and is often seen as a measure of a country's economic growth.

2. Gross National Product (GNP): GNP is a measure of the total income generated by a country's residents and businesses, regardless of their location. It is often used as a measure of a country's economic growth and prosperity.

3. Gross National Income (GNI): GNI is a measure of the total income generated by a country's residents, including both domestic and foreign sources. It is often used as a measure of a country's economic growth and prosperity.

4. Sales Growth: Sales growth measures the increase in sales revenue over a given period of time. It is an important metric for businesses, as it indicates the success of their marketing efforts and the overall demand for their products and services.

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Degree : DIPLOMA PROGRAMMES
Course Name : Diploma in Value Added Products from Fruits & Vegetables
Course Code : DVAPFV
Subject Name : Entrepreneurship and Marketing
Subject Code : BPVI 8
Year : 2023