Question

economic growth and economic development means one and the same​

Answer 1

Answer:

they are not one and same

Economic Growth is the increase in the real output of the country in a particular span of time.

Whereas, Economic Development is the increase in the level of production in an economy along enrichment of living standards and the advancement of technology.

hope it helps.........

Answer 2

Answer:

No, Economic growth and Economic development are two different terms .

Economic growth refers to quantative increase in the economy.

Economic development refers to the quantative and also quantative increase.

Here meaning of quantative is connected with number of something of rather how good it is.

Hope it helps.

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