Economy, asked by divya0099, 9 months ago

Distinguish between economic development and economic growth.

Answers

Answered by mathewfemina
7

Answer:

Economic Growth :- Economic growth refers to increase in real output of the country. Developed countries are examples for Economic Growth.

Ex:-America,UK,etc.

Economic Development:- Economic development refers to increase the national income and socio-economic structures of a country like infrastructure facilities. It is a broad Concept.

Ex:- India,China,etc

Similar questions