Question

Distinguish between economic development and economic growth. (Answer in 3 points)

Answer 1

Economic growth:-

1) Means an increase in real national income/ national output.

2) It is an automatic process.

3) It can be measured through and increase in GDP.

Economic Development:-

1) Means an improvement in the quality of life and living standards.

2) It is not an automatic process.

3) It can be measured through increase in life expectancy rate.

Hope it helps! :)