Difference between economic growth and economic development
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Answer: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.
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Answer:
Economic growth reflects an increase in that country's gross domestic product, or GDP. ... Economic development, on the other hand, is a broader term. It indicates an increase in citizens' quality of life and is often measured using the Human Development Index.
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