History, asked by santosangel2324, 6 months ago

economic change and development

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Answered by rajanak600731
1

Explanation:

Economic growth deals with an increase in the level of output, but economic development is related to an increase in output coupled with improvement in the social and political welfare of people within a country. Therefore, economic development encompasses both growth and welfare values.

Answered by Anonymous
0

Answer:

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Economic growth deals with an increase in the level of output, but economic development is related to an increase in output coupled with improvement in the social and political welfare of people within a country. Therefore, economic development encompasses both growth and welfare values.

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