what do you mean by economic growth and development
Answers
Answered by
2
Answer:
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. ... The proceeds of economic growth could be wasted or retained by a small wealthy elite.
Answered by
2
Answer:
Explanation:
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. ... The proceeds of economic growth could be wasted or retained by a small wealthy elite
Similar questions