difference between economie growth and economic development
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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.
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ECONOMIC GROWTH
Economic growth means an increase in real national income / national output.
ECONOMIC DEVELOPMENT
Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care
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