CBSE Class 10 Answered
Distinguish between Economic growth and Economic development ?
Asked by tanishqa.rathod | 09 Sep, 2015, 06:02: PM
Expert Answer
Hi Tanishqa,
The difference between economic development and economic growth is that the former is broad and includes various matters such as increase in ratio of proportion and its rate, increase in employment, decrease in inequality, etc. The latter one is limited and shows only increase in production and the rate of increase.
Answered by | 09 Sep, 2015, 06:07: PM
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