Diffrentiate between growth nd development
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Posted by Bhawesh Chettri 6 years, 4 months ago
- 2 answers
Yogita Ingle 6 years, 4 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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Vrinda Rajput 6 years, 2 months ago
0Thank You