Different between economic growth and economic …

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Different between economic growth and economic development

Posted by Payal Kumari 6 years, 7 months ago

CBSE > Class 10 > Social Science

1 answers

Sia ? 6 years, 7 months ago

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

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CBSE > Class 10 > Social Science