Question

What is economic growth? Do you think that economic growth and economic development are two names for the same concept?​

Answer 1

Answer:

Economic growth is the subset of economic development. Economic growth indicates the expansion of the Gross Domestic Product (GDP) of the country and the concept of Economic Growth is basically related to the developed countries. Economic Development is a broader concept than the Economic Growth.

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Answer 2

❥❥❥❥Economic growth is the subset of economic development. Economic growth indicates the expansion of the Gross Domestic Product (GDP) of the country and the concept of Economic Growth is basically related to the developed countries. Economic Development is a broader concept than the Economic Growth.........❥❥❥❥




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