Question

write two differences between economic development and economic growth​

Answer 1

Answer:

Economic Development is a broader concept than the Economic Growth. Economic Development refers to the increase of the Real National Income of the economic and socio-economic structure of any country over a long period of time. ... Economic Growth can be measured through an increase in the GDP, per capita income, etc.

Explanation:

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Answer 2

Answer:

Economic development

1. Real income per head – GDP per capita

2. Levels of literacy and education standards

Economic growth

1. Levels of infrastructure – e.g. transport and communication

2. Levels of corruption, e.g what percentage of tax rates are actually collected and spent on public services.