Economy, asked by kanikapatwal25, 4 months ago

"Economics is all about making smart choices to achieve growth and development in the
country". In the light of this statement, distinguish between economic growth and economic
development

"Economics is all about making smart choices to achieve growth and development in the
country". In the light of this statement, distinguish between economic growth and economic
development



Answers

Answered by radhikaradha596
2

Answer:

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Explanation:

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Answered by damananddaman099
4

Answer:Economic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care. Ceteris paribus, we would expect economic growth to enable more economic development.

Explanation:

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