economic growth:
... the process (economic process) of production, development, and management of material wealth as it relates to increasing the size, strength, extension, significance, vitality, and/or value of an economy; a consequence of enterprise and economic development.
The process is a combined series of actions and happenings that bring about changes in an area as it moves towards maximum economic potential; At the end of the process, growth as a return on investment(s) (ROI) is ideally a realization of socioeconomic development .
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What is the ideal economic process?
Page up for a definition of economic process.
Nicholas Georgescu-Roegen suggested in The Entropy Law and the Economic Process (1971) that any series of actions, changes, or functions producing, developing, and managing material wealth while leaving high-entropy wastes behind in the environment is less than ideal. Additional information is available in a Wikipedia article about steady state economy. Look in the article's section about steady state economy concept history.
Ideally, an economic process scars the environment at a minimum. Given that one part of the definition of community explains that it is a location where people live, work and share things in common, suggesting that it is typically sustainable through some level of socioeconomic existence, enterprise and economic development and growth create a contention when there are factions seeking the impossible ideal economic process.
Limits to Growth and Development is an addendum to this glossary you are using.
Lexic.us website has a definition of economic process which includes a link to Economic Process Pictures. The following suggestions for gathering more information about the subject and its relationship to enterprise development that leads to economic development as well as economic growth may also be helpful. Simply copy lines of suggested text in italics, keeping quotation marks intact, and paste them to the search engine below.
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