Question

DIFFERENTIATE BETWEEN ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT​

Answer 1

Key Differences Between Economic Growth and Economic Development. ... Economic growth enables an increase in the indicators like GDP, per capita income, etc. On the other hand, economic development enables improvement in the life expectancy rate, infant mortality rate, literacy rate and poverty rates

Answer 2

hello

so what basically the term development and growth means

it simply means growth is said when there will be only one aspect is seen where as development is a broader term.

in economics growth is when someone is earning a good amount of money.

but when it comes to development then their income, literacy rate, and other important factors are also been observed