Economic progress give a number of definitions more or less similar below. 1.

A positive change in the level of production of goods and The growth in wealth of a nation, as measured by an increase in gross national product, or in national income. services by a country over a certain period of time. 2. Process by which a nation's wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country's total output of goods and services (gauged by the gross domestic product adjusted for inflation, or "real GDP"). Other measures (e.g., national income per capita, consumption per capita) are also used. The rate of economic growth is influenced by natural resources, human resources, capital resources, and technological development in the economy along with institutional structure and stability. More elaborate for understanding better : 3. By "economic growth" economists mean, in the first place, annual increases in the nation's total output of goods and services--its national product. Gross national product (gnp) does not take into account the wastage of the machinery and other capital goods used in production. Net national product (nnp) makes allowances for capital replacements. Although nnp includes final consumer goods and services, it counts only net additions to capital goods. It is therefore a better measure of real growth than gnp. The reason only final consumer goods are included is that care must be taken to avoid double counting; the output of bread is included, but the output of wheat used to produce the bread is not.. 4. Economic growth is the increase in value of the goods and services produced by an economy. It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP. Growth is usually calculated in real terms, i.e. inflationadjusted terms, in order to net out the effect of inflation on the price of the goods and services produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment," which is caused by growth in aggregate demand or observed output. The real GDP per capita of an economy is often used as an indicator of the average standard of living of individuals in that country, and economic growth is therefore often seen as indicating an increase in the average standard of living. The monetary equivalent of national product--national income--can be measured in various ways. One is to measure it as the "value added" by economic activity in agriculture, manufacturing, mining, and so on. (Value added is calculated by summing output at producers' prices and deducting the cost of the fuel and raw materials used to produce the output.) Another way is to measure it as the aggregate value of the final products of the economy. Still another is to total the incomes accruing to persons supplying different productive factors (such as wages and salaries, profits, rents). Each of these approaches yields the same total, provided a consistent scheme of valuation is used. The component detail of each, however, illuminates different facets of the process of production, distribution, and consumption of the nation's output, and each serves a different use. Changes in national income may be measured either in current prices--the prices that prevailed during the year in which the economic activity took place--or in constant prices--the prices of a given year, for example, those of 1929, which then serve as a base. In a study of financial developments or market trends the former is often preferable. But if the purpose is to analyze change in consumer levels of living or

national productivity, the latter is more appropriate. For purposes of studying economic growth, therefore, it is constant price measurement that is desirable. There are two additional requirements for the measurement of economic growth if the purpose is to calculate change in material welfare. A nation's rate of growth must be divided by the size of its population in order to find the rate per capita; if an increased number of people is required to produce an increase in the amount of goods and services produced, no one is better off than before. On the other hand, high levels of both population and output growth, even without corresponding growth in per capita output, bespeak an economy's ability to sustain large increases in population, and this is of interest to students of the sources of national influence and power. A final point: the increase in output should not be a temporary one, such as might follow a year of unusually good harvests. Nor should it merely represent an upward movement in the business cycle. Economic growth is sustained growth, secular in duration rather than cyclical. Nominal growth is defined as economic growth including inflation, while real growth is nominal growth minus inflation. The term economic progress is somewhat broader and tries to capture the various economic dimensions of progress. Economic growth and progress today means improvement in all of the following: 1. sustained increase in GNP per capita in real terms and on purchasing pwer basis for comparision with other countrues/ past years, 2. Better Income distribution 3. sustained growth of Informal and household sector production 4. lowering of social and environmental cost icluding cost of depletion of nonrenewable resources 5. lowering ofEnergy input/GDP ratio 6. Community-based economic harmony 7. Lower (reasonable) Military/civilian budget ratio 8. Growth of infrastructure and public resources 9. Better Education: literacy levels, school dropout and repetition rates 10. Better Health: infant mortality, low birth weight, weight/height/age ratio 11. BetterNutrition: e.g., calories per day, protein/carbohydrates ratio, etc. 12 . Adequate expansion of basic services: telephones, water, sanitation, electrification, etc. 13.Shelter: housing availability/quality, etc. 14. Better Child development 15. Stronfer civil society, greater and freer participation of people inPolitical participation and democratic process 16. Better protection of the minorities, ethnic populations and women: e.g., human rights data 17. lower Environmental pollution levels 18. Lower Environmental resource depletion 19. Protection of Bio-diversity and species loss 20. Better Cultural and recreational resources 21. Lower Corruption. 22 Better and transparent Governance.

Social progress is the idea that societies can or do improve in terms of their social, political, and economic structures. The concept of social progress was introduced in the early 19th century social theories, especially those of social evolutionists like Auguste Comte and Herbert Spencer. It was present in the Enlightenment's philosophies of Enlightenment history The big breakthrough to a new idea in Europe Enlightenment, when social commentators and philosophers began to realize that people themselves could change society and change their way of life. Instead of being made completely by gods, there was increasing room for the idea that people themselves made their own society - and not only that, as Giambattista Vico argued, because people practically made their own society, they could also fully comprehend it. This gave rise to new sciences, or proto-sciences, which claimed to provide new scientific knowledge about what society was like, and how one may change it for the better.[1] In turn, this gave rise to progressive opinion, in contrast with conservational opinion. The social conservationists were skeptical about panaceas for social ills. According to conservatives, attempts to radically remake society normally make things worse. Edmund Burke was the leading exponent of this, although later-day liberals like Hayek have espoused similar views. They argue that society changes organically and naturally, and that grand plans for the remaking of society, like the French Revolution, National Socialism and Communism hurt society by removing the traditional constraints on the exercise of power.
.