Discuss the difference between economic progress and economic developments
Differentiate between : Economic and Non-economic activities.
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Answer:
Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
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Explanation:
Economic growth means an increase in real national income / national output.
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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