what is the difference between economic goals and economic development?
Answers
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.
Answer:
-Economic Goals :
The five economic goals of full employment, stability, economic growth, efficiency, and equity are widely considered to be beneficial and worth pursuing. Each goal, achieved by itself, improves the overall well-being of society. Greater employment is typically better than less. Stable prices are better than inflation.
-Economic Developments :
Economic Development is the creation of wealth from which community benefits are realised. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents. Economic development means different things to different people