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

By Ella

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

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Ella

2 thoughts on “who has explained the difference between economic development and economic growth?​”

  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.

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  2. 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.

    Reply

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