Economy, asked by mesulimsomicoza, 3 months ago

Distinguish between economic growth, economic development and poverty

Answers

Answered by luv124
0

Answer:

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Answered by sanikakadam912595
2

Answer:

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. Ceteris paribus, we would expect economic growth to enable more economic development.

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