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Diffrentiate between growth nd development

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Diffrentiate between growth nd development
  • 2 answers

Vrinda Rajput 5 years, 2 months ago

Growth is quantitative and development is qualitative

Yogita Ingle 5 years, 4 months ago

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