Question

The concepts of economic development and economic growth are the same. (State with reasons whether you agree or disagree with given statement)

Answer 1

Monetary development mirrors an expansion in that nation's GDP, or GDP. ... Financial improvement, then again, is a more extensive term.

It demonstrates an expansion in residents' personal satisfaction and is frequently estimated utilizing the Human Development Index.

Monetary development alludes to an expansion after some time in a nation's genuine yield of merchandise and ventures (GNP) or genuine yield per capita pay.

Financial improvement is progressively important to gauge advancement and personal satisfaction in creating countries.