Economy, asked by mithunhaldkar9508, 1 year ago

Why growth cannot be taken as an indicator of development?

Answers

Answered by Anonymous
1
Heya....

Growth can't be taken as an indicator of development because...

* Growth can be lopsided...
Mean to say that GDP growth can be for only one sector by avoiding other so it is not a sign of good growth....

* Not show per capita income....
Growth can't show the average income of people because perhaps growth is contributing only for rich section and poors are yet poor...
Answered by OfficialPk
12
Growth can't be taken as an indicator of development because Growth can be lopsided
Mean to say that GDP growth can be for only one sector by avoiding other so it is not a sign of good growth


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