diff between economic progression and business in tabular form who will give me fast i will mark his her as a brainlist
Answers
It refers to the increase in the monetary growth of a nation in a particular period. It refers to the overall development of the quality of life in a nation, which includes economic growth.
Span of Concept
It is a narrower concept than that of economic development. It is a broader concept than that of economic growth.
Scope
It is a uni-dimensional approach that deals with the economic growth of a nation. It is a multi-dimensional approach that looks into the income and as well as the quality of life of a nation.
Term
Short-term process Long-term process
Measurement
Quantitative Both quantitative and qualitative
Applicable toIt refers to the increase in the monetary growth of a nation in a particular period. It refers to the overall development of the quality of life in a nation, which includes economic growth.
Span of Concept
It is a narrower concept than that of economic development. It is a broader concept than that of economic growth.
Scope
It is a uni-dimensional approach that deals with the economic growth of a nation. It is a multi-dimensional approach that looks into the income and as well as the quality of life of a nation.
Term
Short-term process Long-term process
Measurement
Quantitative Both quantitative and qualitative
Applicable toIt refers to the increase in the monetary growth of a nation in a particular period. It refers to the overall development of the quality of life in a nation, which includes economic growth.
Span of Concept
It is a narrower concept than that of economic development. It is a broader concept than that of economic growth.
Scope
It is a uni-dimensional approach that deals with the economic growth of a nation. It is a multi-dimensional approach that looks into the income and as well as the quality of life of a nation.
Term
Short-term process Long-term process
Measurement
Quantitative Both quantitative and qualitative
Applicable to