Question

difference between about economic development and economic growth
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Answer 1

Answer:

Economic development is the quantitative and qualitative change in an economy. Economic Growth refers to the increment in amount of goods and services produced by an economy. Economic development refers to the reduction and elimination of poverty, unemployment and inequality with the context of growing economy.

Answer 2

Answer:

economic growth:

1) Economic growth is the positive change in the indicators of economy

2) Economic growth refers to the increment in amount of goods and services produced by an economy

3) Economic growth mean an increase in real national income/national output

Economic devlopment:

1) Economic devlopment is the quantitative qualitative change in economy

2) Economic devlopment refers to the reduction and elimination of proverty umemployment and inequality with context of growing economy

3) Economic devlopment means an improvement in the quality of life and living standards,e.g. measure of literacy, life expectancy and healthcare.