Question

Explain the difference between economic process and economic development

Answer 1

Answer:

Unlike economic development, Economic growth is an automatic process. ... Economic Growth can be measured through an increase in the GDP, per capita income, etc. However, Economic Development can be measured through Improvement in the life expectancy rate, infant mortality rate, literacy rate, and poverty rates.

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Answer 2

$\huge\bold\red{ANSWER}$

➡Unlike economic development, Economic growth is an automatic process. ... Economic Growth can be measured through an increase in the GDP, per capita income, etc. However, Economic Development can be measured through Improvement in the life expectancy rate, infant mortality rate, literacy rate, and poverty rates.

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