what is the relationship between development and economic growth
Answers
Answered by
1
Answer:
economic means and increase in real national income means a national output economic development means an improvement in the quality of life and living standards example measures of literacy life expectancy and Healthcare ceteris paribus we would accept economic growth to enable more economic development
Answered by
1
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. Ceteris paribus, we would expect economic growth to enable more economic development.
Similar questions