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Differentiate between growth and development with …

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Differentiate between growth and development with an example.
  • 2 answers

Gaurav Seth 4 years, 3 months ago

Examples

Growth:GDP, GNP

development

: Per capita Income, Industrial Development

Gaurav Seth 4 years, 3 months ago

A n s w e r :

Growth

  1. Growth is quantitative.
  2. Increase in a country's real level of national output which can be caused by an increase in the quality of resources.
  3. Economic Growth can be measured by an increase in a country's gross domestic product.

Development

  1. Development is quantitative and qualitative
  2. Increase in living standards
  3. Leads to the creation of more opportunities in the sectors of education, healthcare, employment
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