Social Sciences, asked by kalelakshay0gmailcom, 9 months ago

explain the different between economic progress and economic development

Answers

Answered by Anonymous

14

In summary
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

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