Difference between economic growth amd economic development
Answers
Answered by
0
Hey Mate....
Here's your answer.....
Economic growth : Economic growth is the positive change in the real output of the country in a particular span of time.
It is a short term process.
It arises in a certain period of time.
Economic development : Economic development involves rise in the level of production in an economy along with the advancement of technology, improvement in living standards and so on.
It is a long term process.
It is a continuous process.
Here's your answer.....
Economic growth : Economic growth is the positive change in the real output of the country in a particular span of time.
It is a short term process.
It arises in a certain period of time.
Economic development : Economic development involves rise in the level of production in an economy along with the advancement of technology, improvement in living standards and so on.
It is a long term process.
It is a continuous process.
Answered by
0
Answer:
Explanation:
Hope it helps u
Attachments:
Similar questions