what is meant by economic growth and economic development
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the gradually development in economic condition of any country is economic development
and the slowly development means step by step can in economic condition of any country is economic growth
and the slowly development means step by step can in economic condition of any country is economic growth
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#Economic growth
→It can be defined as a process whereby a country's real national income increases over a period of time
→It is a short term process
→it is a norrow concept
→In this process , quantitative change are expected
#Economic development
→it is a process of increase in income as well as achieving a more equitable distribution of income and poverty alleviation .
→It is a long term process
→it is a broad concept
→In this process ,both qualitative and quantitative change are expected ..........
→It can be defined as a process whereby a country's real national income increases over a period of time
→It is a short term process
→it is a norrow concept
→In this process , quantitative change are expected
#Economic development
→it is a process of increase in income as well as achieving a more equitable distribution of income and poverty alleviation .
→It is a long term process
→it is a broad concept
→In this process ,both qualitative and quantitative change are expected ..........
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