difference between growth and developement with one example each
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growtn means like a child grows tall
and development means internal organs are developed
and development means internal organs are developed
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Answer : Economic Growth .
Growth is a quantitative measurement
Growth simply shows an increase in something you can see or count. A tree can grow. An organization can grow, adding people to it. Growth doesn’t look into the reason for growth in numbers.
It is an increase in a country’s level of national output by increasing the quality and quantity of resources ( education ), improvements in technology or by increasing the value of goods and services produced by every sector of the economy. Economic Growth can be measured by an increase in a country's GDP.
Economic development
Development is a qualitative measurement.
It is the qualitative improvement of circumstances in the context of people'ssense of morality (good and bad). This means that as something develops the quality of the whole improves. As a tree develops, it not only grows, but also bears fruit and continues growing. If an organization develops, they improve relationship with its members. Development in a community or country leads to better overall living standards and opportunities to improve.
The most accurate method of measuring development is the Human Development Index which takes into accounts the literacy rates & life expectancy. It also leads to the creation of more opportunities in various sectors of education, healthcare, employment and the conservation of the environment. It implies an increase in the per capita income of every citizen.
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Answer : Economic Growth .
Growth is a quantitative measurement
Growth simply shows an increase in something you can see or count. A tree can grow. An organization can grow, adding people to it. Growth doesn’t look into the reason for growth in numbers.
It is an increase in a country’s level of national output by increasing the quality and quantity of resources ( education ), improvements in technology or by increasing the value of goods and services produced by every sector of the economy. Economic Growth can be measured by an increase in a country's GDP.
Economic development
Development is a qualitative measurement.
It is the qualitative improvement of circumstances in the context of people'ssense of morality (good and bad). This means that as something develops the quality of the whole improves. As a tree develops, it not only grows, but also bears fruit and continues growing. If an organization develops, they improve relationship with its members. Development in a community or country leads to better overall living standards and opportunities to improve.
The most accurate method of measuring development is the Human Development Index which takes into accounts the literacy rates & life expectancy. It also leads to the creation of more opportunities in various sectors of education, healthcare, employment and the conservation of the environment. It implies an increase in the per capita income of every citizen.
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