Question

difference between economic growth and economic development class 10th​

Answer 1

Answer:

ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ ⬇️

Explanation:

ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴍᴇᴀɴs ᴀɴ ɪɴᴄʀᴇᴀsᴇ ɪɴ ʀᴇᴀʟ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ / ɴᴀᴛɪᴏɴᴀʟ ᴏᴜᴛᴘᴜᴛ. ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴍᴇᴀɴs ᴀɴ ɪᴍᴘʀᴏᴠᴇᴍᴇɴᴛ ɪɴ ᴛʜᴇ ǫᴜᴀʟɪᴛʏ ᴏғ ʟɪғᴇ ᴀɴᴅ ʟɪᴠɪɴɢ sᴛᴀɴᴅᴀʀᴅs, ᴇ.ɢ. ᴍᴇᴀsᴜʀᴇs ᴏғ ʟɪᴛᴇʀᴀᴄʏ, ʟɪғᴇ-ᴇxᴘᴇᴄᴛᴀɴᴄʏ ᴀɴᴅ ʜᴇᴀʟᴛʜ ᴄᴀʀᴇ. ᴄᴇᴛᴇʀɪs ᴘᴀʀɪʙᴜs, ᴡᴇ ᴡᴏᴜʟᴅ ᴇxᴘᴇᴄᴛ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴛᴏ ᴇɴᴀʙʟᴇ ᴍᴏʀᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ.

Answer 2

Answer:

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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. Ceteris paribus, we would expect economic growth to enable more economic development.