Economy, asked by bhavya2767, 11 months ago

economic development is a wider concept than economic growth do you agree with the starement​

Answers

Answered by Anonymous
5

Economic development shows the standard of living of the people of the country which shows a more clearer picture of the country's progress economically.

But Economic growth shows only the Per Capita Income or the PCY of a country which can always even be false as the wealth may even be concentrated in a few hands and poverty may still prevail while the PCY of the country is quite high due to the high National Income.

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