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What is diffrences between growth and …

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What is diffrences between growth and development?

    • Posted by Fardeen Khan 4 years, 6 months ago

    CBSE > Class 12 > भूगोल
    • 1 answers

    Yogita Ingle 4 years, 6 months ago

    Basis of Comparison Economic Growth Economic Development
    Definition Increase in the monetary growth of a nation in a particular period It refers to the overall development of the quality of life in a nation which includes economic growth
    Span of Concept It is a narrower concept than Economic Development It is a broader concept than Economic Growth
    Scope It is a uni-dimensional approach which deals with the economic growth of the nation It is a multi-dimensional approach that looks into the income and as well as the quality of life of the nation
    Term Short-term process Long-term process
    Measurement Quantitative Both Quantitative and Qualitative
    Applicable to Developed Economies Developing Economies
    Government Support It is an automatic process that may or may not require intervention from the government It requires intervention from the government as all the developmental policies are formed by the government
    Kind of changes expected Quantitative changes Quantitative as well as qualitative changes
    Examples GDP, GNP HDI, Per capita Income, Industrial Development

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