Economy, asked by kumardhana661, 11 months ago

Economic development is _ while economic progress is _

Answers

Answered by Anonymous

Explanation:

Economic development' is a process in which a nation is being improved in the sector of the economic, political, and social well-being of its people. ... Consequently, as economist Amartya Sen points out, "economic growth is one aspect of the process of economic development".

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.

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