(n) :
(economics) The situation where the productive capacity of an economy is unable to keep pace with growing aggregate demand, generally characterised by a below-average rate of economic growth, where growth is occurring at an unsustainable rate.
(n) :
(economics) The situation where the productive capacity of an economy is unable to keep pace with growing aggregate demand, generally characterised by a below-average rate of economic growth, where growth is occurring at an unsustainable rate.