difference between economic growth and economic development
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hey friend
Economic growth does not consider the Income from the InformalEconomy. ... Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time.
economic growth:-
an increase in the amount of goods and services produced per head of the population over a period of time
Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries.
Economic growth does not consider the Income from the InformalEconomy. ... Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time.
economic growth:-
an increase in the amount of goods and services produced per head of the population over a period of time
Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries.
rkarn99972:
can you tell the difference by separating them both
sure attaching with my answer
give 3 points each
pleaseeee
Answered by
6
There is growth of agriculture
There is development of agriculture field
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