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What is mean by growth and …

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What is mean by growth and development
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Sia ? 5 years, 5 months ago

Economic growth Economic development
(a) It can be defined as a process whereby a country’s real national income increases over a period of time. (a) It is a process of increase in income as well as achieving a more equitable distribution of income and poverty alleviation.
(b) It is a short-term process. (b) It is a long-term process.
(c) It is a narrow concept. (c It is a broad concept.
(d) In this process, quantitative change are expected. (d) In this process, both qualitative and quantitative changes are expected.
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