Question

Any two difference between economic growth and economic development?​

Answer 1

Explanation:

Economic Growth is the increase in the real output of the country in a particular span of time. Whereas, Economic Development is the increase in the level of production in an economy along enrichment of living standards and the advancement of technology.

Answer 2

Explanation:

• Economic growth is quantitative.
• Economic development is qualitative.
• Economic growth is the second level.
• Economic development is the first level

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