Question

Any four differences between economic growth and economic development.

Answer 1

Answer:

Economic growth means an increase in real national income / national output.

Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care.

Explanation:

Answer 2

ANSWER

economic growth

• single dimentional
• quantiative changes : change in national and per capital income.
• spontaneous change
• growth is possible without developement.

economic developement

• multi dimentional
• qualitative changes : composition and distributive of national income.
• gradual and steady change, planned
• growth is prerequisite for developement.

Explanation: