A meaningful conclusion for a difference between economic growth and development
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The term economic growth has a 'quantitative' dimension. In simple words, economic growth means an increase in the real national income of the country, over a long period of time.
Economic development is a wider concept which has a 'qualitative' dimension. Economic development implies economic growth plus progressive changes in certain important variables which determine wellbeing of the people, e.g. education, health etc.
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