Social Sciences, asked by valamaitriba, 8 months ago

Difference between economic growth and economic development

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Answered by YEETWIZZY

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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Answered by jeevibhoomi

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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