Wat is the difference between econimic …

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Wat is the difference between econimic growth and economic development

Posted by Srinivas Kanuri 6 years, 8 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years, 8 months ago

Economic growth has a single dimension; Economic development is multi-dimensional.
Economic growth reflects only quantitative changes; Economic development shows both quantitative and qualitative changes.
Economic growth shows the change in output; Economic development shows changes in the output along with technology and institutional arrangements.
Economic growth is spontaneous; Economic development is either regulated or controlled.
Economic growth is possible without development; economic development is not possible without growth.

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Dhama ...? 6 years, 8 months ago

Growth is the short term process while the development is long term process. ... Development is planning based element while growth is the measurement element. ..

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