Question

who has explained the difference between economic development and economic growth?​

Answer 1

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 ofliteracy, life-expectancy and health care. Ceteris paribus, we would expecteconomic growth to enable moreeconomic development.

Answer 2

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.