What is meant by
the a basis for measuring
economic development?
development? What are
economic growth?
Answers
Answered by
0
Answer:
HDI measures average achievement in a country in three basic dimensions of human development. Economic growth is an increase in the production of economic goods and services, compared from one period of time to another.
Explanation:
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Answered by
1
Answer:
Economic development means the rate of production is greater than the rate of increase in population and the rate of growth of GDP is high enough to fulfil the basic needs of the population. Two bases of measuring development of a country are: (i) Average or per capita income.
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