Question

Economic development without growth is inconceivable keeping this statement in view, distinguished between the concept of development and growth​

Answer 1

ANSWER

It is possible to have economic growth without development. i.e. an increase in GDP, but most people don't see any actual improvements in living standards. This could occur due to: Economic growth may only benefit a small % of the population.

Growth is defined as the development of a person in weight, age, size, and habits. On the other hand, development is defined as the process wherein a person's growth is visible in relation to the physical, environmental, and social factors.

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Answer 2

Answer:

Explanation:

Difference between economic growth and economic development are as follows:-

Economic growth                                                      Economic Development

(1) It refer to increase in the monetary               It refer to overall development

growth of a nation in particular.                          of quality of life in a nation.                    

(2) It is narrower concept.                                    It is a broader concept.

(3)It is uni-dimensional approach.                        It is a multi-dimensional

                                                                                    approach.