Economy, asked by sureshmoirangthem, 1 year ago

explain the difference between economic growth and economic development

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Answered by musab84

1

Answer:

Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time. ... Economic Growth can be measured through an increase in the GDP, per capital income, etc.

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