Differentiate between economic growth and economic development

      

Differentiate between economic growth and economic development.

  

Answers


John
Economic growth refers to steady physical increase in country's production capacity identifiable with a country increase in the productivity of goods and services while economic development refers to increase of per capita income associated with improvement in indicators of quality life such as adult literacy, infant mortality and life expectancy.
Jonmhumble answered the question on October 23, 2017 at 20:56


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