Question

write any three type of different between economic growth and economic development​

Answer 1

Answer:

hii.

Explanation:

Unlike economic development, Economic growth is an automatic process. ... Economic Growth can be measured through an increase in the GDP, per capita income, etc. However, Economic Development can be measured through Improvement in the life expectancy rate, infant mortality rate, literacy rate, and poverty rates...

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Answer 2

ECONOMIC GROWTH :-

➡️It increase in the monetary growth of a nation in a particular period.

➡️It is a uni-dimensional approach which deals with the economic growth of the nation.

➡️It is an automatic process that may or may not require intervention from the government.

ECONOMIC DEVELOPMENT :-

➡️It refers to the overall development of the quality of life in a nation which includes economic growth.

➡️It is a multi-dimensional approach that looks into the income and as well as the quality of life of the nation.

➡️It requires intervention from the government as all the developmental policies are formed by the government.

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