What are the differences between Economic Growth and Economic Development?
Answers
Answered by
34
Heya..
Economic growth...
"" It refers to growth only in the context of rise in GDP ....
"" It wants higher growth even it was because of only rich sector contribution....
"" It avoids social welfare somewhere....
Economic development....
"" It refers to GDP growth but with social growth also...
"" It wants higher growth covering all the sections of the society....
"" It's main objective is to achieve social welfare first....
-- Be Brainly....
Economic growth...
"" It refers to growth only in the context of rise in GDP ....
"" It wants higher growth even it was because of only rich sector contribution....
"" It avoids social welfare somewhere....
Economic development....
"" It refers to GDP growth but with social growth also...
"" It wants higher growth covering all the sections of the society....
"" It's main objective is to achieve social welfare first....
-- Be Brainly....
Answered by
8
Growth only of GDP...
Development with social welfare...
Development with social welfare...
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