Question

Difference between economic development and economic progress​

Answer 1

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.

Answer 2

Answer:

economic development means the development that has been done on any kind of finance or any kind of walefare and economic progress means that the development has been done already and we are just checking how much develop had been have happened

Explanation:

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