Question

any three points of difference 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. Ceteris paribus, we would expect economic growth to enable more economic development.

Answer 2

Economic growth
— Increase in the monetary growth of a nation in a particular period.
— Short term process.
— Examples are GDP and GNP.

Economic development
— It refers to the overall development of the quality of life in a nation.
— Long term process.
— Examples are HDI, per capita income and industrial development.