# Key concepts

> These are the words you need for economic growth and development. Learn each definition exactly, because the precise meaning matters. An increase in a country's productive capacity over time, shown…

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## Full notes

This is a preview of the Key concepts notes for Grade 12 Economics. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in Economic growth and development

- [Economic growth, economic development, and the demand-side approach](https://www.hlayiso.com/grade-12/economics/notes/economic-growth-and-development/economic-growth-economic-development-and-the-demand-side-approach) — Next section
- [All Economic growth and development sections](https://www.hlayiso.com/grade-12/economics/notes/economic-growth-and-development)

## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of Economic growth and development in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "Key concepts"?

Continue with the next section in Economic growth and development, or test your understanding with the interactive quiz linked to this section.

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