Economic development involves only economic growth true
or false
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━━━━━━━━━━━━━━━━━━━Economic growth is one of the features of economic development. ... Economic growthenables an increase in the indicators like GDP, per capita income, etc. On the other hand, economic development enables improvement in the life expectancy rate, infant mortality rate, literacy rate and poverty rates.
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━━━━━━━━━━━━━━━━━━━Economic growth is one of the features of economic development. ... Economic growthenables an increase in the indicators like GDP, per capita income, etc. On the other hand, economic development enables improvement in the life expectancy rate, infant mortality rate, literacy rate and poverty rates.
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The above given statement that economic development involves only economic growth is false.
* This is because economic development of a country involves both in economic development it along with the oral factors of a country like poverty, infant death rate, mortality and illiteracy etc.
* because as the economic development occurs in a country the overall GDP and other factors also increases which increases the income of the country and also life expectancy.
* due to this overall growth the Government of our country concentrates on the internal development and infrastructure of the country so there will be overall development of the country.
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